It was the worst six months in 50 years for US stocks, yet the market is still comfortably higher than before the pandemic struck. Risks have risen, but there’s also room for optimism.
Rathbones’ co-chief investment officer Edward Smith explains how we see reasons for optimism, but remain vigilant.
Still no clear sign of recession in the months ahead, but no catalyst for fears to subside yet either
A solid drop in bond yields helped boost stocks and reminds us of the earlier days of ultra-modern monetary policy. Meanwhile, gas prices see-saw on the Atlantic fulcrum.
With inflation running hot, central bankers are gearing up to hike interest rates fast. But this is worrying investors who think the economy may not be able to take it.
The price level is yet to find a ceiling, so the value of stocks and bonds have no floor. Markets will swing between hope and despair until inflation is inarguably falling.
Last month we hosted a breakfast for founders with the following female investors: Saranyah Douse, Investment Manager, Octopus Ventures, Kimberly Martin, Regional Head, Boost and CO Harriet Rosethorn, Investment Manager, Puma Private Equity.
Financial markets remain volatile as they try to gauge whether the healthy jobs market could stoke too-high inflation. Meanwhile, tensions between Prime Minister Boris Johnson and his party are escalating sharply.