earnings

Part of the June equity market rally was driven by growing investor expectation of a July rate cut in the US, which we believe is overdone.

Faced with ongoing uncertainty and volatility, global macroeconomic commentators are in two distinct camps: one that observes symptoms of recession and another that observes signs of a global recovery.

After a torrid Q4 amid a global sell-off, we see plenty of reasons for sustained optimism for the rest of 2019.

Affected by housing market

Europe appears to be in the twilight of the mid-cycle, with economic growth setting at a solid, sustainable pace.

Overseas investors returning

Selling stocks with good earnings upgrades

Support and attractive valuations could release the potential of commodity stocks

For some time, the equity market has benefitted from what has been termed a 'Goldilocks' environment.

Political issues remain