Market Commentary
Philip Rose
1 January 2020
2020 was a year of rolling change. At the start of January, investor sentiment was positive and 2019 had been far stronger for investment returns than originally expected. Trade talk rhetoric between the USA and China was abating and an election year loomed in the USA. Often election years are characterised by voter friendly legislation as the incumbent President attempts to generate a feel-good factor as a precursor to reelection.
Market Commentary
Philip Rose
1 December 2020
2020 will not be remembered as a dull year for investment markets. As the year draws to a close let us reflect briefly on some of the stats. On six individual months, the US equity market experienced excessive volatility with an increase or drawdown in excess of 5%.
Market Commentary
Philip Rose
1 September 2020
Concerns over valuations and disappointing economic data were
overlooked as ‘FOMO’ gripped markets – it is becoming challenging to buy certain stocks as stretched technicals and narrowing market breadth point to another period of complacency.
Market Commentary
Philip Rose
1 August 2020
July has seen a continuation of the recovery in equity markets. The US equity market increased +5.64% in July and Europe declined -0.87%. Our global equity strategy again produced attractive returns, appreciating +5.52% during the month. The key to successful investing in 2020 has been avoiding those companies impacted by the current economic turmoil caused by Covid-19.
Market Commentary
Philip Rose
27 March 2020
This week’s commentary will focus on Bonds, Bond yields, the drivers for bond pricing and the impact of COVID-19 on
this market.
Market Commentary
Philip Rose
13 March 2020
