July 8, 2021—There has been a very clear shift in investor sentiment in the past few weeks, manifested most clearly by an acute drop in long-term interest rates and a flattening of the yield curve, both in the U.S. and globally. What is much less clear is what is causing this shift that, until recently, has left equities unscathed but may now be broadening to look more like a classic risk-off market.
June 28, 2021—The Federal Reserve’s latest announcement of anticipated rate hike projections, has the markets abuzz with activity. But has the story really changed? Chief Economist Luke Tilley shares his thoughts on what the announcement means for markets and the trajectory for inflation.
June 23, 2021—Over the last three months, global equity share prices have risen, validating our pro-cyclical equity positioning. It is worth noting that within global equities, we have seen a massive dispersion of return performance across regions/countries (see the chart below comparing trailing three-month return performance for various regional exchange traded funds (ETFs) and their larger component stocks).