magazine archive


magazine archive

Aequitas

Why China still needs a trade deal

Thursday 18 Jul 2019

China’s second quarter GDP growth figure of 6.2% year-on-year appears to be the source of some market angst, not least because it represents the slowest rate of increase since 1992, which is as far back as Beijing’s records go. It is possible to argue that such a rate of advance is remarkable for...

What sort of economy will the new Prime Minister inherit?

Thursday 11 Jul 2019

As they continue to jostle for position, Boris Johnson and Jeremy Hunt are starting to outline their policies on tax and spending, areas that could both have an influence on the trajectory of the UK economy, regardless of whether Brexit happens on 31 October or not. It is therefore worth taking...

US stocks need to deliver strong second quarter earnings  

Thursday 04 Jul 2019

As America celebrates Independence Day, investors with exposure to US equities will be looking for fireworks of a different kind from the imminent second-quarter reporting season. The latest round of financial updates and – perhaps more importantly – outlook statements will begin in earnest on...

What rate cuts could mean for your portfolio

Thursday 27 Jun 2019

With virtually every other central bank in the world taking a softer line in 2019 it is no great surprise to see our very own Bank of England doing the same. A 20 June Monetary Policy Committee vote of nine to zero to leave policy unchanged is perfectly in keeping with the concerns that the Bank of...

FTSE 100 needs more momentum to make further gains

Thursday 20 Jun 2019

We are six months into the year and the FTSE 100 is up nearly 9%, with the prospect of a decent dividend on top. Given everything that is going on in the world right now, it seems fair to assume that many investors would have taken that return for 2019 as a whole, had they been offered it on 31...

What can we learn from different industry sector performance?

Thursday 13 Jun 2019

This column has noted before (11 Apr 2019) the apparent disconnect between what bond markets and equity markets are saying. The renewed collapse in bond yields would appear to be presaging an economic slowdown or even a recession, yet equity markets seem buoyant as analysts continue to predict an...

Is Bitcoin really back?

Thursday 06 Jun 2019

Well, here’s a funny thing. As global stock markets suffered their first down month of the year in May and bond markets rallied strongly, amid an apparent dash for safety in the face of continued uncertainty of global trade, Brexit and fresh unrest in the Middle East, one asset class gathered fresh...

Why profit means more to stocks than PM

Thursday 30 May 2019

At the time of writing, the FTSE All-Share index is trading around the 4,000 mark. To accentuate the positives this is just 8% below its May 2018 all-time high and more than a fifth higher than its post-Brexit-vote lows of summer 2016. If you prefer a glass half-empty view, the benchmark is no...

Is it time to switch from growth to value strategies?

Thursday 23 May 2019

Growth and momentum strategies have, by and large, been the only game in town for the last five years. Something evidenced by the meteoric rise of the NYSE Fang+ Index. Established in 2014, this benchmark contains 10 high-octane growth stocks – America’s Facebook, Amazon, Apple, Netflix, Alphabet (...

The case for and against US stocks and shares

Thursday 16 May 2019

After all of the hullaballoo surrounding their flotations, most investors will be aware Lyft is in need of a boost and Uber is stalling immediately after their respective initial public offerings (IPOs). Whether such huge deals ‘call the top’ or not remains to be seen, even if experienced investors...

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