Feature

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.

Last month the US yield curve inverted, with the yield on 10-year Treasury bonds dipping beneath the yield on 3-month Treasury bills.

In recent weeks, investors have fixated on the inversion of several sovereign yield curves, most notably the US Treasury curve.

A troubled Brexit with Parliamentary stumbles and deadline extensions, while the original departure date has come and gone.

Gold and silver investors have faced a relentless headwind of hawkish forward guidance from the US Federal Reserve for around six years.

The European Central Bank (ECB) has been much more dovish this year as macroeconomic conditions in the eurozone have quickly deteriorated.

Investors are often drawn toward the 'next big thing' and the allure of rapid growth that comes along with it.

Attractive dividend yields