Investment briefing
Ricochet
Cast your minds back to 2014, when the Caribbean Island of Puerto Rico, burdened by a chronic budget deficit, spooked the US municipal bond market by passing legislation to restructure some of its enormous $73bn debt pile. US Municipal Bond ETFs reeled and wider markets were spooked, the country’s debt downgraded to ‘junk’ status.
Investment briefing
Electric Dreams
After a rather stifling start to the summer (hosepipe bans at the ready), the weather finally broke in mid-June, to the thrum of heavy downpours and a series of violent thunderstorms across the UK.
Investment briefing
Eyes On The Prize
Just what is going on? Although equity markets scraped and banged into positive territory in the first quarter of 2023, it was a painful, gritty experience.
Investment briefing
Bear markets start for various reasons, but the root cause is constant. Too much debt, too much euphoria and always, the lure of a new paradigm.
Investment briefing
After cheering investor spirits with a brief mid-summer rally, global financial markets subsequently sold off through to the start of October.
Investment briefing
In the summer edition of our Investment Briefing CIO Russell Collister provides a concise summary of global markets and outlines our current investment strategy.