Team Commentary March 2017

teamadminMarket Outlook, News

We certainly live in interesting times. Outside of the main Trump / Brexit news three stories caught my our eye over recent weeks. All three are below the radar but may have a factor to play in determining market movements over coming months: If Company ABC, as an example, were to remunerate staff in ABC shares to an equivalent value … Read More

MARKET OUTLOOK

teamadminMarket Outlook, Markets, News

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In summary our thoughts are: Economic growth to continue over 2016, albeit at a slower pace China slowdown to continue – more downside risks to the Chinese Yuan. Oil prices bottoming this year – we don’t expect a sharp price upturn. Developed world equities to remain volatile this year as the economic cycle is maturing. Focusing on profitable companies with … Read More

The Global Economy

teamadminMarket Outlook, Markets

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Tail winds for Developed Markets, head winds in Emerging Markets The engine of global growth continues to shift back from emerging markets to developed econo-mies. The euro area and Japan should see the biggest pickup in growth during the remainder of the year. Both regions are benefiting from lower oil prices, cheap currencies, and reflationary monetary policies. The U.S. economy … Read More

Outlook For 2015 An Unstable Bull Market

teamadminMarket Outlook, Markets

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We do not believe that the basic macroeconomic backdrop has changed very much from last quarter. In other words, the U.S. economy will continue to lead the rest of the world, and the Fed will continue to be ahead of other central banks in terms of monetary renormalization. The only difference here is that China is joining Europe and Japan … Read More

Coping With An Oversaving World

teamadminMarket Outlook, Savings

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Six years into recovery, the decisive attribute of the global economy is still private sector savings far exceeding investment demand. As a result, there have been clear tendencies of price declines and sub-trend growth in many parts of the world. Tradable goods prices have been falling, inflation expectations have crashed almost everywhere and the euro zone economy is on the … Read More