Markets Outlook Q2 2026
A Narrower Path We began this year with an Investment Strategy titled “A Year for Prudent Optimism”. At the time, our view was that portfolios could continue to make steady progress. Significant amounts of investment in areas such as technology remained supportive, particularly in the US, whilst in Europe, greater investment in military expenditure served as […]
Summary Q2 2026
In the last strategy our view was portfolios could continue to make steady progress, supported by ongoing investment in areas such as technology, particularly in the US, and increased defence spending in Europe. We recognised strong market performance in 2025 had left some equity markets looking expensive, making the investment path narrower. Markets performed well […]
Summary Q1 2026
Macro: The global economy remains in a stable, but low growth cycle. Growth is holding up better than feared, with Bloomberg Consensus forecasts of global GDP at 2.6% for 2025, though risks to this remain tied to US-China trade tensions and political uncertainty. During 2025, concerns for central banks shifted away from inflation to the […]
Markets Outlook Q1 2026
A Year for Prudent Optimism The New Year is upon us—resolutions may already be wavering, but our commitment to navigating markets remains steadfast! If you are still being faithful to your resolutions – keep going! It is generally considered a dangerous pastime to go back and look at previous investment commentaries. Standard operating procedure is […]
Infrastructure: The Invisible Backbone of a Changing World
Infrastructure is now a critical growth story for the global economy. From data centres powering artificial intelligence (AI) to building the grids needed to support electric vehicles and the renewable energy transition. This article by Assistant Investment Manager, William Redmond, explains why robust infrastructure is essential for future economic growth and a good potential source […]
Summary Q4 2025
The global economy continues to be characterised by slow growth and increasing uncertainty. While some sectors are showing some resilience, tariffs, inflation, and geopolitical risks are creating a complex and challenging backdrop for investors alike, which demands a risk-aware approach. There are signs tariffs are beginning to contribute to higher consumer prices in the US, […]
Markets Outlook Q4 2025
Autumn and the leaves are beginning to fall For me, the Autumn months have become a time of reflection, marked by both caution and a sense of optimism. On the one hand, the evenings drawing in signal it is time to pack away the ‘t-shirt and shorts’ wardrobe of summer, to be replaced with something […]
Gold: Everything in its Right Place, or time for the Exit Music?
On the surface, the only thing seemingly more in demand than gold right now is a Radiohead ticket, so it is unsurprising to see the gold price reaching another recent record. Whilst this is intended to be a short piece, it is sensible to set the background for some of the broad themes that have […]
Summary Q3 2025
The coming quarters are likely to be one of slow and slowing Tariffs have muddied the water as consumers and companies dragged forward demand to earlier this year to mitigate some of the tariff impact. There is a risk that this gives an illusion of a more solid economic backdrop in comparison to what we […]
Markets Outlook Q3 2025
One too many Wasted Sunsets, One too many for the road Good news – it’s summer! The sun is warm, the BBQ’s have been fired into action and schools are officially out for summer. Well, in our household anyway as we leave behind GCSE season, and are just a hop, skip and a jump away […]