Tatton Weekly: Sudden, but not entirely unexpected; Breakthrough on the Brexit divorce bill; US tech sell-off negative or positive signal?; Trump’s (cold) trade war with China; Insight article: Changing liquidity dynamics’ impact potential on capital markets

Mike Gordon

Sudden, but not entirely unexpected It has been a week full of surprises and sudden turns of events, with the main unchanged parameter continuing to be the consistent and synchronised progress in global economic growth. Breakthrough on the Brexit divorce bill As widely reported, UK and EU negotiators reached a breakthrough this week around a… Read more »

Tatton Weekly: Invincible markets?; Level headed budget – overshadowed by deteriorating outlook; How extended are US equity valuations?; The fall of Comrade Bob: What Mugabe’s resignation means for China

Mike Gordon

Invincible markets? Global equity markets hit new all-time highs over the past week, now standing at a gain of roughly 18% for 2017. This took place while politics performed fairly shambolically wherever one looked and (western) society was shaken up by the threat of terrorism and widespread revelations about high profile harassment cases. If capital… Read more »

Tatton Weekly: Yield-curve flattening: a bad omen?; Q3 earnings wrap up: Europe and Japan shine; Economic and market cycles; Value traps

Mike Gordon

Yield-curve flattening: a bad omen? After equity markets saw one of their longest winning streaks for quite some time, a bit of pushback from nervous traders and investors was probably inevitable. As if our lead article of last week had jinxed markets into action – sure enough – this week saw the longest streak of… Read more »

Tatton Weekly: Nervous investors herald more volatile markets; Game of Thrones at the House of Saud: an oil price threat?; Turning point for UK house prices?; Can consolidation in UK electricity distribution increase competition?

Mike Gordon

Nervous investors herald more volatile markets Private investors with globally diversified multi-asset investment portfolios tend to be quite happy these days. That is, unless they have more cash that needs investing. As the chart above shows, since the last large market correction at the beginning of 2016, investment returns have been plentiful, even for the… Read more »

Tatton Weekly: UK rate rise: ‘one and done’ or beginning of rate hiking cycle?; Eurozone: on the periphery or in the game?; Abenomics revitalised; Butter shortages and metals prices linked by cobwebs?

Mike Gordon

UK rate rise: ‘one and done’ or beginning of rate hiking cycle? It has been an eventful start to November, following a full-on October that generated pleasing returns for investors in global capital markets (see table above). The financially interested UK public will have focused on the first interest rate rise in the UK for… Read more »