Economic Overview Global markets saw good gains in Q4 25, which topped off another positive year with many indices finishing 2025 near record or multi-year highs. It was also the first year in a while that US stocks were significantly outperformed by non-US stocks. There were various factors that saw the rest of the world […]
Economic Overview Global markets posted strong gains in Q3 2025, backed by continued demand for all things artificial intelligence and technology, while also underpinned by solid corporate earnings and a rate cut from the Federal Reserve in the US. A large variety of assets saw strong rallies, with credit, digital assets and commodities, particularly gold […]
Economic Overview Tariff concerns initially ruled the roost in Q2 2025, before somewhat fading into the background. In contrast to Q1, there was a strong bounce for stockmarkets, as President Trump’s announced tariffs quickly became suspended tariffs. Again, raising the question, are President Trump’s tariffs actually about tariffs, or in some cases, are they leverage […]
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, […]