November Market Commentary

Introduction  October was the month which brought us Chancellor Rishi Sunak’s second Budget of the year. Normally that would make the headlines, but October was also a month when the world gave us plenty to worry about. With factors such as rising energy prices and supply chain issues impacting economies worldwide, the UK’s economic outlook may …

Is China heading for a Junk Bond Crisis?

It has been 14 years now, but many of our clients will remember the collapse of Lehman Brothers. The collapse of Lehmans, a global financial empire founded in 1847, happened in September 2008 and was the climax of the subprime mortgage crisis. Lehman Brothers was notified of a pending downgrade in its credit rating, due to its heavy exposure to subprime …

Is the US recovery about to stall?

“When the US sneezes the world catches a cold.” Most of us have heard that expression, meaning that the US economy is the principal driver of global trade and economic growth. Clearly China in particular and the Far East in general may now dispute that claim, but the fact remains that what happens in the US does impact growth and jobs around much …