We live in interesting times! Despite an almost ten per cent drop in the S&P 500 Index (the broad US stock market index) in early August, most major asset classes ended the quarter in positive territory with new all-time high records along the way.
“… The past month has been anything but dull for markets. After the “panic attack” at the start of August, global benchmarks rebounded, led by the US indices. The Dow Jones made a new record high. The S&P500 was down 6% for the month at one point (and 8.5% from its July highs), before ending […]
Written by Jason Choy, InvestNow Senior Portfolio Manager
In a nutshell: Global markets eked out gains in July amid volatility, while local markets notched their strongest month of the year. Markets around the world digested a swath of economic, political and company specific developments over the month, which initially kicked off positively with major indexes establishing more record-highs. However, disappointing earnings from U.S. […]
Written by Jason Choy, InvestNow Senior Portfolio Manager
Global stocks led by the US saw fresh highs in June, while local markets continued their struggles in 2024. The economic momentum of the first quarter continued into the second for global equity markets, which saw gains concentrated in a handful of (AI-related) mega-cap names. Meanwhile, rate sensitive small cap and real estate stocks suffered […]
Written by Jason Choy, InvestNow Senior Portfolio Manager
Share markets continued their sizzling run over March, while bonds also joined in on the fun. Globally, markets were paced by the US, whose stock indices performed strongly once again, although they were outdone by Japan’s local share market the Nikkei 225, which has continued to be 2024’s standout performer. Other notable assets included gold, […]
Written by Jason Choy, InvestNow Senior Portfolio Manager
Share market indices rose to record levels across the globe while bonds continue to struggle as resilient economic data, alongside signs of lingering inflationary pressures, suggests central banks will likely be holding interest rates steady for a little while longer. Another notable asset was Bitcoin, which after a slow start to the year took off, […]
Written by Jason Choy, InvestNow Senior Portfolio Manager
Share markets continue their winning ways while bond markets falter as robust economic data led by the US supported the notion of a ‘soft landing’. The negative correlation between bonds and equities returned, as the same strong economic data – when coupled with pushback from central bankers on the market’s dovish outlook for […]
Written by Jason Choy, InvestNow Senior Portfolio Manager
Global share and bond markets close the year off with a crescendo as expectations that central banks have reached the end of their rate hiking cycle ignited a strong market rally. Persistent inflation and geopolitical tensions took a back seat as optimism increased that central banks have in-fact threaded the needle and engineered a soft […]
Written by Jason Choy, InvestNow Senior Portfolio Manager
Share and bond markets worldwide continued their declines for a third consecutive month as valuations continued to be pummelled by sharp increases in long-term government bond yields amid robust economic data, […]
Written by Jason Choy, InvestNow Senior Portfolio Manager
Share and bond indices were down across the board in both local and global markets
