Stock Market Returns

Taking stock of market returns up to September

Against all expectations, and despite considerable intramonth volatility, September turned out to be decidedly dull for investors. After a five-month rally had left global stock indices around or above their pre-pandemic highs, the turn of Autumn sent a chill through capital markets. Selling pressure built up early in the month, as COVID cases spiked around…

UK and US markets

A question of time horizons

A US presidential debate that nobody would want to watch twice was followed by reports that COVID reality has finally caught up with a US president who insists that only he can determine  what is real and what is fake has made for a dramatic October start. The UK’s domestic perspective was not much less…