20MAR 2018

US steel tariffs - more about political gains than US industrial renewal

We believe that President Trump’s import tariffs are more about galvanising political support than galvanised steel.



06FEB 2018


S&P's 4% fall: How the stockmarket has performed after big one day losses

The S&P 500 fell more than 4% on Monday, prompting the question: what next? We examine the history of sharp one-day falls.

05FEB 2018


What has driven stockmarket returns and what will drive them in future?

While the equity markets of various countries and regions have performed very similarly over the past three years, the components of returns have been very different

02FEB 2018


Six charts of the month: Trumponomics, Putin, bond yields

Tax cuts, Treasuries, the Russian election and recycling all feature among the charts that caught our eye in January.


26JAN 2018


US economy maintains momentum as domestic spending shines through

Quickview: Latest US growth data is robust, but distorted by effects of post-hurricane spending.

24JAN 2018


Why three is the magic number for this year

In the monthly round-up of our asset allocation views, we discuss the three factors which will determine whether the reflationary environment continues.

08JAN 2018

Global Market Perspective

Global Market Perspective Q1 2018

Themes for 2018, slowing global liquidity, the behaviour of inflation and a review of 2017 all feature in this quarter's economic and asset allocation views.

03JAN 2018

Economic and Strategy Viewpoint

Economic and Strategy Viewpoint - January 2018

We review what happened in markets and the global economy in 2017, when political risk failed to stifle asset price exuberance. We also highlight our themes for 2018.