The Cambridge Weekly – 6 December 2021

The pre-Christmas ‘quiz’ that not many want to play As the end of the investing year draws nearer, markets remain on edge, questioning everything that it thought it knew the answers to only very recently. But last week, central bank and government policy, inflation...

The Cambridge Weekly – 29 November 2021

New COVID variant flattens ‘Black Friday’ feeling It was a Thanksgiving week of mixed news. The European COVID case surge was surpassed in negative impact by the fears of a new variant emanating from South Africa. US markets hit new highs just before the holiday, but...

The Cambridge Weekly – 22 November 2021

Dollar strength and divergence caps a dull week for investors Despite the negative news flow, be it COVID or politics, UK consumers are proving their resilience once again, with both October retail demand and domestic consumer sentiment pointing up. Perhaps the...

The Cambridge Weekly – 15 November 2021

Central banks struggle with messaging Following five weeks of global equity markets inching higher every week, risk asset markets slowed even though, for once, economic data was actually offering reasons to believe that the worst of supply chain constraints may be...

The Cambridge Weekly – 8 November 2021

No tantrum over this taper October’s positivity across global stock markets spilled over into the first week of November. That is with the exception of China, which appears to be increasingly isolating itself from the rest of the world. Not only was its leader very...

The Cambridge Weekly – 1 November 2021

Bond markets give central bankers a telling off Last week was generally positive for capital markets, although with one notable difference – this time bond investors were allowed to join in. Just as energy prices started stabilising, corporate earnings results proved...

The Cambridge Weekly – 25th October 2021

Confused or determined central bankers? Capital markets continued over the past week to recover just as gradually from the September/early October downdraft as they declined then. Many commentators put it down to the continued strong Q3 corporate earnings...

The Cambridge Weekly – 18th October 2021

Have we passed the peak of supply disruption? Last week we noted that October had picked up for investors where September had left off, namely equities slowly climbing down from the heights gained over the summer. As petrol availability returned even to London’s...

The Cambridge Weekly – 11th October 2021

Economy hits an air pocket October has carried on where September left off, with quite a bit of daily up and down for markets, but with a slight downwards trend. We deliver our end-of-month review of September in this week’s second article. For UK readers, the lack of...

The Cambridge Weekly – 4th October 2021

Rising yields are back The energy bottlenecks we wrote about recently became rather more personal for the large proportion of the UK population that are motorists. In fairness, the UK’s petrol station forecourt crisis has little to do with rising energy prices around...

The Cambridge Weekly – 27th September 2021

Wall of worry time The UK received worrying economic news on multiple fronts last week, with several utility companies going under and the prospect of steep rises in winter heating costs, petrol stations running out of fuel, gaps on supermarket shelves, and the Bank...

The Cambridge Weekly – 20th September 2021

End of the re‐opening honeymoon We are halfway through September and investors have not experienced a continuation of the positive returns picture of the summer months. This is despite COVID restrictions gradually lifting (not only in the UK) and an on‐track economic...

The Cambridge Weekly – 13th September 2021

Paying for it - the major economies ponder their balance sheets Recently we noted the increasing importance of fiscal policy, and sure enough last week the UK kicked-off the new school year with a big fiscal bang. National Insurance contributions are on the rise,...

The Cambridge Weekly – 6th September 2021

Politics and policy sit at the head of the table Last week felt a bit like the whole month of August. Equity markets (North America and Europe) were in the green, and then last Friday expressed their disappointment over the weak US jobs report. Market participants...

The Cambridge Weekly – 31st August 2021

Fed tapering: the ‘how’ matters more than ‘when’ Questions over when and how the US Federal Reserve (Fed) would begin tapering its monthly securities purchases has been much talked about over the last few months. But ahead of last Friday’s keynote speech at the...

The Cambridge Weekly – 16th August 2021

Climbing the Wall of Worry - Again August continues to be what one would expect from the middle of the summer: quiet. Yet for investors, it is also pleasing that stock markets around the world are gradually nudging upwards, allowing them to remain relaxed wherever...