Weekly Market Commentary
In summary Markets start the week a little steadier, despite latest Middle East conflict entering its fourth day Markets finished last week in risk-off mood, as investors reacted to surprise pre-emptive Israeli attacks on Iran’s nuclear facilities in the early hours on Friday, risking a wider Middle East conflagration. Despite continued attacks by both sides […]
Cornelian Risk Managed Funds
President Trump announced a temporary row-back of his ‘liberation day’ tariffs to give time for unilateral trade deals to be put in place. Despite considerable uncertainty over the medium-term outlook for tariffs, investors took heart and bid risk assets higher. Interestingly, this resurgence in confidence did not translate into US dollar strength, nor longer-dated US […]
The Monthly Edit: May 2025
In summary We examine the markets daily, and our monthly update is a selection of key global stories explained through an investment lens. Market Headlines The big topics Mega-cap tech resilience offers some relief for US investment outlook This year has so far seen investors appear to increasingly question whether the age of US exceptionalism […]
With trade-war tariffs largely paused for now, expect markets to look elsewhere for direction this week
In summary • The week ahead kicks off with question marks around US government debt sustainability• US credit rating picture gets a knock as the last of the three credit rating agencies plays ‘catch-up’• China’s latest economic data paints a mixed picture• Latest quarterly company results season draws to a close The week ahead kicks off with […]
Cornelian Risk Managed Funds
April was a volatile month as investors reacted to the swingeing Trump tariff announcements negatively, but then regained some confidence as substantive carve-outs were announced. However, US dollar weakness was sustained and impacted US equity returns for UK-based investors. The Funds’ alternative assets produced another month of consistently good returns. Within real estate, Target […]
The Monthly Edit: April 2025
In summary We examine the markets daily, and our monthly update is a selection of key global stories explained through an investment lens. You can download the article as a PDF here > Market Headlines The big topics Trump’s first 100 days and a tariff rollercoaster 29 April marked the 100th day of US President […]
Weekly Market Commentary: Markets rebound amid tariff turbulence
In summary • The S&P 500 rose 5.70% over the week after Trump delayed most tariffs, but global equities lagged, and US Treasury yields hit a 24-year weekly high. • A 90-day tariff delay on Wednesday sparked the relief rally, yet US-China trade frictions worsened further, with high tariffs effectively halting bilateral trade.• Inflation expectations rose and consumer […]
The Monthly Edit: March 2025
In summary We examine the markets daily, and our monthly update is a selection of key global stories explained through an investment lens. You can download the article as a PDF here > Market Headlines The big topics Tech stocks take a hit Major technology companies’ shares experienced a sharp decline this month, leading to […]
Cornelian Risk Managed Funds
March was a difficult time for returns as all major equity regions and fixed income markets produced negative returns (in Sterling terms) as investors began to lose confidence in the new US administration’s policy making. Within this context, it was good to see the Funds’ diversifying ‘real assets’ exposure in commercial real estate and infrastructure […]
Liberation Day – the art of the deal?
What has happened? As widely expected, on 2 April President Trump announced reciprocal tariffs under the International Emergency Economic Powers Act (IEEPA), as he declared a national emergency over the size of the US trade deficit. While there is some hope that Trump may use this executive order as a starting point for negotiations, he […]