Monthly Archives: October 2017

CRAMMING IT IN With every data point, the strength and breadth of 2017’s global economic acceleration is confirmed. A truly synchronised expansion is in progress with considerable momentum. However, financial markets do not necessarily move ... more
SCANNING THE HORIZON As the bull market rages on, many investors are “scanning the horizon” for reasons to sell the rally. From a technical perspective, we have already highlighted the (almost never before seen) low ... more
IT’S MY PARTY AND EVERYONE’S INVITED There has been much disbelief at the strength of the global equity rally so far this year. However, as summarised by IMF chief economist Maurice Obstfeld last week, the ... more
TOUR DE FORCE From the end of the financial crisis until the beginning of this year, the US economy sat at the front of the global growth peloton. Team America were the first, most aggressive ... more
ROLE REVERSAL After 9 months characterised by USD weakness, emerging market strength and an outperformance of mega-caps over small caps, last week saw a “role reversal”. In the US, Donald Trump’s tax reform proposal was ... more