Newsletter

Markets had a relatively calm week. The tone was somewhat optimistic as the Fed acted in line with expectations and there were indications of progress on trade negotiations. The UK was first off the block on May 8th, and was followed yesterday by the all-important agreement with China to keep tariffs at 30% for the […]

Wall Street saw their longest winning streak since 2004 on the back of a few factors, all having one common factor, Donald Trump. The cherry on top of the cake came in the form of stronger than expected guidance from the big Tech firms. Oil, on the other hand, saw a big drawdown after OPEC

U.S. stocks drifted lower in a holiday-shortened week amid trade tensions, further investigations into pharma and semiconductor imports, mixed corporate earnings, and Trump’s public criticism of the Fed Chair. Global markets responded variably, with Chinese and Indian equities seeing gains on stimulus hopes and positive economic signals, while European financial stocks rose after regulatory changes by

As we expected, Trump announced a 90-day pause on most reciprocal tariffs excluding China, which caused the S&P 500 to jump almost 10% in a single day. However, uncertainty around tariffs remains, and fears of a trade war with China. Unless supported by positive news, markets are likely to drift lower. Unexpectedly, US treasuries saw

US markets remain under pressure due to uncertainty around Trump’s actions and its effects on the economy. Investors look forward to “Liberation Day” when US announces its overall strategy on trade and tariffs. Europe and China have a much better run, but face their own risks and challenges. We continue to advise a nimble approach

The trade war continues to escalate and pressure markets with US indices continuing losses into the 4th week with some respite seen on Friday due to a US government shutdown being averted. US released February inflation data that calmed some nerves and the yellow metal touched the $3,000 level for the first time.

US markets continue to fret amidst uncertainty around actions of the current administration with markets entering correction territory. The job market remains relatively stable however unemployment rate ticked up in February. Europe sees significant fiscal stimulus on the horizon with the incoming German administration announcing ambitious plans. Beijing announced their 2025 GDP growth targets while

US markets closed the week in red after economic data pointed to slowing business activity and further weakening in consumer sentiment. Adding to the gloom was weak guidance shared by Walmart, which is considered a proxy for the health of the US consumer. Musk’s DOGE continued its aggressive firing spree as the US announced plans

Markets fluctuated amid U.S. inflation data and the ongoing tariff policy uncertainty. Bonds saw heightened intraweek volatility. Chinese stocks rose on AI optimism and an Alibaba-Apple partnership, contrasting with India’s slump from foreign outflows and valuation concerns.

Last week saw several US economic data releases and earnings releases from major players. However, these events were overshadowed by Trump’s announcements which ranged from tariffs on 3 of their biggest import origin countries, a last-minute course reversal on 2 of them, suggesting a takeover of the Gaza strip, and ending the week with an