Cambridge Weekly 4th March 2019
£-Sterling ‘applauds’ prospect of Brexit delay The last week of February was void of significant economic or monetary market drivers, which left global investors to observe the political news-flow. The US President and UK’s Theresa May were therefore quickly...
Cambridge Weekly 25th February 2019
Progress? We prognosticated in January that we thought it likely that the impossible US President Trump would reach a trade deal with China before the hapless UK prime minister would achieve a constructive divorce settlement with the EU. This week both issues appeared...
Cambridge Weekly – 18th February 2019
Investment perspectives for different Brexit outcomes As the market recovery resumes, Trump and Brexit will determine its longevity Corporate earnings: Sunny first, potential for drizzle later Corporate earnings growth is underpinning the ongoing recovery, but can it...
Cambridge Weekly Update 23rd April 2019
Spring time from here? It is quite incredible how much investor sentiment has changed over the past 4 months. At Christmas, equity markets had suffered a decline from their September highs, which had many market commentators suggesting that the end of this prolonged...
Cambridge Weekly Update 15th April 2019
Cambridge Weekly Update 15 April 2019 Brexit in-limbo aside, sentiment is improving Even though our prediction that Brexit would neither happen on 29 March nor 12 April has turned into reality, there seems little point in celebrating. Yes, the immediate threat of a...
Cambridge Weekly Update 8th April 2019
Happy 10th birthday, choppy bull market Frustrating political divisions have drowned out the 10th anniversary of what many have called the most unloved equity bull market in history. Broad based equity market investors (those who held their nerve) have enjoyed...
The Cambridge Weekly – 1st April 2019
29 March 2019 – quarter end The vexed date has come and gone, as we had suggested, but not quite in the manner we had expected. While the population widely blames Parliament and the political class in general for the Brexit execution debacle, MPs are just as divided...
Cambridge Weekly Update – 25 March 2019
Read the full report here. Brinkmanship and extensions Every few months, I spend a few days of the week travelling across the UK with Cambridge’s relationship management team updating regional gatherings of financial advisers. This time around, it was not surprising...
Cambridge Weekly – 11 February 2019
Is 2019’s market recovery beginning to stutter? After one of the worst Decembers for global investors since the Great Depression, followed by the best January since 1987, February has started not too badly for investors. While up overall, the 7th week of the 2019...
Cambridge Weekly – 4 February 2019
Turnaround?; US economy slowing but not stopping; Gold and real yields; Huawei, 5G and the US-China trade war. Cambridge Weekly Update 4th February 2019
Cambridge Weekly – 28 January 2019
Market absurdities The continued stock market recovery is not as absurd as it may appear in light of deteriorating economic news flow if the bulk of last year's sell-off was driven by overly tight global liquidity. Europe struggles to find its feet From fastest to...
The Cambridge Weekly – 21 January 2019
Markets looking ahead The New Year’s stock market recovery rally we wrote about last week has continued, to the surprise of many who are observing unprecedented political shambles on either side of the Atlantic. The UK appeared to be descending into political chaos,...
The Cambridge Weekly – 14 January 2019
Substantial but fragile New Year recovery While the UK public were stunned and distracted by the live constitutional drama between parliament and government over Brexit, equity markets continued their New Year’s recovery rally. Since the pre-Christmas lows, Global...
The Cambridge Weekly – 7 January 2019
Year-end turbulences heralding difficult 2019? Happy New Year from team Cambridge and here's to a more joyful 2019 for investors! As our 2018 table of asset class returns below shows, 2018 brought even less joy for investors worldwide than we had expected. The only...
The Cambridge Weekly – 24th December 2018
Fed tightens, market falls and economy keeps on going We wrote about our outlook for 2019 last week. After that slightly lengthy read, we thought a shorter note discussing what has caused market behaviour would be helpful. So, this week all eyes were on the US Federal...
The Cambridge Weekly – 17 December 2018
Cambridge’s 2019 Outlook Overview It’s fair to say that most investors and commentators are taking a fairly bleak view of 2019’s prospects. The rampant US growth engine that drove the global economy forward this year appears to have passed its peak and is likely to...
The Cambridge Weekly – 10 December 2018
Roller-coaster Advent The news of a 90-day trade truce between presidents Trump and Xi’s was widely welcomed this week. It was probably the most that could be expected of their much-anticipated dinner conversation at the fringes of the G20 summit last weekend in...
The Cambridge Weekly – 3 December 2018
Predicaments As November draws to a close, global stock markets have provided a positive last week to an otherwise bleak month for investors. And as it stands, it is not just October and November but the whole of 2018 that has turned into a disappointment for...
The Cambridge Weekly – 26 November
Muted replay of 2015 or end of cycle approaching 2019? It certainly helped nerves this week that the US was distracted by their Thanksgiving celebrations and politics in the UK calmed down, after the Eurosceptic Tory rebels’ spectacular failure to deliver on last...
The Cambridge Weekly – 19 November
Keep calm and carry on It has undeniably been the most unnerving week in UK politics since the week following the Brexit referendum, when the British electorate unexpectedly rejected the EU status quo. Representatives of both sides have finally agreed on a withdrawal...