Ear to the Ground

It will come as no surprise as to what the main topic of conversation is for this edition, and that of course is inflation.

Ear to the Ground

Stop, wait a minuteā€¦Not often you get to quote a lyric from a Mark Ronson song in market commentary, but it seemed quite apt this week.

Monthly Update 31/10/2023

Monthly Update31 October 2023 he Fund posted a return of -2.53% for October, performing in line with the sector average return of -2.52%. Major equity indices were in negative territory for the month. With labour markets, in particular in the US, remaining tight, the prospect for interest rates to be higher for longer increased. The […]

Ear to the Ground

Welcome to what is the 100th edition of Ear to the Ground. Given this anniversary, I thought I would look back at that first edition, drawing from it where we were then to where we are now, covering any predictions which were being made at the time.

Ear to the Ground

It has been a week of mixed data for the UK. At the beginning of the week we saw the release of the latest average earnings data to August. This was weaker than the consensus forecast, coming in at 8.1% versus 8.3% including bonuses.

Ear to the Ground

This week was one for inflation data, in particular from the US, as the market continues to try and interpret whether we have reached the terminal Fed Funds rate for this cycle.

Ear to the Ground

A difficult market for assets this week, with particular pressure seen at the long end of yield curves, as they continued to steepen. With the Bank of England and US Federal Reserve having left base rates on hold at their last meetings, shorter term yields have remained relatively anchored.

Monthly Update 30/09/2023

Monthly Update30 September 2023 The Fund posted a return of 0.06% for September, outperforming the sector average return of -0.50%. Major equity indices returned a mixed performance for the month. Towards the bottom of the table was the Hang Seng, losing over 3% in local currency terms, as concerns over the health of the economy […]

Ear to the Ground

Eyes were focussed on the latest core PCE (personal consumption expenditures) data from the US, a figure seen as the preferred measure of inflation for the US Federal Reserve.

Ear to the Ground

Taking centre stage were again the central banks, in particular the Bank of England and the US Federal Reserve.