While surveys suggest the UK consumer is reasonably confident about their personal finances, we are less convinced.
Japanese stocks are about as cheap on a price to 12-month forward EPS ratio as they have been in many years and are cheaper than many of their global peers.
After the S&P 500 index's 10% rally from the beginning of May to the end of August in dollar terms, investors have begun to question whether further gains are possible by year end.
For many the Global Financial Crisis is a distant memory, having just seen the longest bull market in history. These extraordinary gains were achieved despite a difficult economic and political backdrop over the past decade. Recently the prospect of trade...
Fixed income investors could face a challenging end to the year, as the combination of shrinking central bank balance sheets and still solid growth data could be a headwind for bonds.
Is the longest post-war equity bull run coming to end? Perhaps not entirely but global stockmarkets are certainly showing signs of fragility in a number of sectors.
Expect government bond yields to rise
Recent revelations about Saudi Arabia's hand in the Jamal Khashoggi affair has marred what is an otherwise engrossing growth story, not just for the largest of the Gulf states, but for other countries in the Gulf Cooperation Council (GCC).
US Fed chairman, Jerome Powell, recently described the conventional approach to setting US interest rates as "navigating by the stars".
Over the past few months, we have become more positive on US Treasuries.
The Japanese equity market will resume its ascent, buoyed by favourable political conditions, strong and evolving corporate reforms and continued monetary easing by the Bank of Japan (BoJ).
During 2017, investors enjoyed several positive surprises.
Equity markets have seen a setback over the past couple of weeks, led by the US, and this has also hit the UK equity market.
Much has been written about the uncertainties hanging over UK equities, with some investors even labelling the UK as 'uninvestable'.
Unloved for a generation, Japan's equity markets are coming back into favour - and for good reason.
The consumer markets of China, India and Indonesia have grown at year-on-year rates of 5.9% to 9.5%.
Europe is full of secular growth trends including digitalisation, faster growth in emerging markets, consumer loyalty to premium brands and increased health awareness.
September's disastrous Salzburg summit brought the risk of a 'no-deal' Brexit into sharper relief.
This has been the longest bull market on record. This late in the business cycle, we believe it is worth focusing in particular on the merits of investing in US defence stocks.
Over the past quarter, infrastructure globally has endured some highs and lows, with the US, in particular, surging ahead and buoyed by strong economic growth while Europe has faced a series of challenges.
After an unusually calm 2017, we have seen volatility return to equities across the globe, with many markets seeing growth moderate.
UK markets have become increasingly volatile, as the prospect of a no-deal Brexit looms ever larger.
Let us be clear: banks remain a big contrarian trade for European investors, even more so than autos.
US interest rate rises, international trade tensions and local currency volatility have remained key concerns in emerging markets (EM).