Economic Overview Q1 2025 was a mostly negative one for global equity investors, due to a late quarter sell off, after a very positive first six weeks of the quarter. The reason? Uncertainty. The scatter gun approach of the Trump administration dominated markets. US equity market performance has been incredibly reliable in the past two […]
Economic Overview Q4 2024 was somewhat mixed for Australian investors, but it rounded out what was a positive year across all asset classes. The falling Australian dollar was a tailwind for unhedged investors over the quarter, while the Australian sharemarket was slightly negative. For the year, unhedged global shares, hedged global shares, and Australian shares, […]
Economic Overview Q3 2024 saw decent gains across all asset classes, with fixed interest relatively strong as rate cuts helped to drive up bond prices. Global stocks saw smaller gains with the strengthening Australian dollar again proving a headwind for unhedged investors. After months, even years, of speculation about rate cuts in the US, the […]
Economic Overview Q2 2024 was a more subdued quarter than some seen recently, with flat to negative returns in many asset classes. Global markets saw small gains with artificial intelligence again providing a strong lead, although a strengthening Australian dollar clipped returns for unhedged investors. As has become the norm, interest around the timing of […]
Economic Overview Q1 2024 was another positive quarter from both an economic and investment perspective. Global markets notched strong gains led by the enthusiasm for all things artificial intelligence, while the important US economy continued to prove resilient. The expectations for rate cuts have also continued to play a role in underpinning market performance, but […]