The Cambridge Weekly – 19th July 2021

Earnings vs Delta It has been a quiet week in equity markets. The world’s major stock indices mostly continued their recent holding pattern, awaiting news on where things will go from here. As we have written before, the global transition phase we find ourselves in –...

The Cambridge Weekly – 12th July 2021

Don’t look down Global equities have been on a pretty rapid ascent since the start of the year. Last week the world’s investors had a bout of looking down, and a mild attack of vertigo. This dizziness has been prompted by some reasonable worries. Do we have enough...

The Cambridge Weekly – 5th July 2021

Transition uncertainties The great British summer may have struggled to materialise so far, but the end of the first half of the year always brings an element of sunny optimism. We will comment on market and investment returns in more detail next week, when the data...

The Cambridge Weekly – 28th June 2021

Moderating expectations The seemingly never-ending pandemic-induced restrictions and uncertainty is making the forward planning of summer activities quite precarious and frustrating at times. That capital markets have recently borne fewer surprises than the planning...

The Cambridge Weekly – 21st June 2021

Investors try to make sense of the Fed’s ‘dot-plot’ The biggest event of the week took place on Wednesday, as the US Federal Reserve (Fed) concluded its two-day Federal Open Markets Committee (FOMC) meeting, where it discussed economy policy and its latest projections...

The Cambridge Weekly – 14th June 2021

Hazy as Carbis Bay The G7 meeting in St. Ives’ Carbis Bay was rightly the centre of attention in the UK last week and looked to centre on Europe’s leaders cosying up to a much more loveable US administration, at the same time as trying not to mention Brexit too much....

The Cambridge Weekly – 7th June 2021

Going up sideways May’s returns numbers are in, and the headlines are as follows: a rotation from tech to financials – and from value to growth – as well as a bit more downward pressure on bonds. We have included our usual ‘in review’ table and monthly comments below....

The Cambridge Weekly – 1st June 2021

Touch of Goldilocks at the end of May After a strong April, May felt somewhat of a mixed bag for investors, particularly when stock markets suffered a correction in the middle of the month. However, as the month drew to a close, it was mostly only cryptocurrency...

The Cambridge Weekly – 24th May 2021

Market resilience in face of Bitcoin crash Beyond the directly virus-related stories, last week’s news was dominated by cryptocurrency shenanigans and the return of outright war in the Middle East. Cryptos are the “Reality TV” version of markets – hugely fascinating,...

The Cambridge Weekly – 17th May 2021

Market vertigo galore Last week we wrote how the ‘sell in May and go away’ maxim has historically not shown much merit for investors. At the end of last week, some of our readers may have looked back at those sentences ruefully. Markets have certainly lost a bit of...

Q1 Investment Updates

Elizabeth Pfeuti, financial journalist interviews Lothar Mentel to gain his thoughts on the first quarter of 2021, portfolio positioning and performance, as well as both the short and long-term outlook for the economy in a year of recovery. Q1 2021 investment review...

The Cambridge Weekly – 10th May 2021

Sell in May and go away? The traditional stock market adage of ‘sell in May and go away’ is back in vogue again this year, after the first four months of 2021 brought healthy returns to investors with equity exposure. Of course, historic return observations have...

The Cambridge Weekly – 4th May 2021

Doubling of earnings leaves markets cold After the previous week’s lull in global equity markets, most regions recovered their previous highs last week, albeit in somewhat lacklustre trading patterns. Just as there were several reasons why markets were in a bad mood...

The Cambridge Weekly – 26th April 2021

‘Risk on’ pauses while the real world keeps accelerating Equity markets finally paused in their upward trend last week, with the most speculative assets like Bitcoin experiencing their first serious setback since February. It was hard to pin the cause on any one...

The Cambridge Weekly – 19th April 2021

New bond news gives green light for equity investors We usually start by summarising equity market action over the course of the past week. Last week, it was developments in the bond markets that may be of more significance for investors, over the fact that equities...

The Cambridge Weekly – 12th April 2021

Bond markets signal economic optimism Following a strong first quarter for equity investors worldwide, the second quarter is off to a good start as well, with most global stock markets already up by a few percentage points. While the sense that stock markets are...