Divergent – the opportunities and risks of diverging fortunes

Takeaway Monetary policies are polarising as fortunes diverge. Balancing the opportunities and risks will be easier for companies able to buy in areas of growth, access cheap debt markets in areas of stress and ride the currency waves. However, for those stuck on the wrong side of the currency equation or the growth and deflation … More Divergent – the opportunities and risks of diverging fortunes

Work in Progress

Work in progress There’s a disconcerting chill in the UK’s ‘summer’ weather and a chill in the global economy too. The all-pervasive central bank policy filter and the ebb and flow of geopolitical worries often blurs the impact of poor economic data. However, there have been so-so figures from the US, Eurozone and Australia amongst … More Work in Progress

Serious season: high yield bonds remain in the spotlight

Serious season Was there a time when ‘news’ just stopped in summer? A time when only ‘silly season’ stories of crop circles, pigs on the run and killer chipmunks prevailed with little else to trouble us. If those halcyon days ever existed, they’ve not returned this year. In common with recent summers, markets have wobbled … More Serious season: high yield bonds remain in the spotlight

Rich in contradictions

Rich in contradictions It has been an eventful week, typical of this recovery. Mixed economic news and full of the type of contrary market data that can make the recovery look both brittle and well set at the same time. Of course, opposing market forces can be healthy. Collective, unrestrained market exuberance didn’t exactly end … More Rich in contradictions