Fund buyers have started to take risk off the table in their portfolios amid a worsening liquidity backdrop, continued macro uncertainties and the growing threat of a policy error from the Federal Reserve.
Equity markets suffered record-breaking falls during ‘Red October' as a cocktail of risks - including concerns over the Fed's tightening cycle and FAANG valuations - took their toll sending the S&P 500...
Bond investors spent most of last year transitioning towards a more fundamentally driven approach to selecting assets.
There is something strange going on in Europe according to some commentators - the market has rallied aggressively post the trade war-induced sell-off in the fourth quarter of 2018.
We expect to see continued market volatility and macroeconomic uncertainty in the UK throughout 2019, not least due to Brexit.
US stocks had a turbulent last quarter in 2018 and have been somewhat volatile since the start of this year.
While we are stock-pickers, we do not ignore the business cycle; analysing it helps us determine when to allocate capital to certain companies.