Economies & markets

Recent equity market turbulence has given investors a frisson of fear, as has often been the case over the course of the bull market that began way back in March 2009.

This week’s market turmoil, like in February and March, started as a technical correction after six months of straight-up markets which required a little breathing space. Soon thereafter, however, fundamental concerns have crept in.

This week Tony Dwyer, Chief US Market Strategist at Canaccord Genuity and ‘Wall Street’s biggest bull’, came over from his office in New York and presented to our clients. 

One of the fascinating aspects of the current financial markets is that investors can find a plethora of information to support either a positive or negative view of the world, depending on their disposition.

As US midterm election frenzy begins with by-elections and polls sparking much conjecture over how Trump’s presidency will be impacted this November, we go back in time to see what can be learnt from previous midterms and the potential impact on markets.

As widely expected, today the Bank of England raised its policy rate from 0.5% to 0.75%. Although in line with market expectations, the fact that all nine members of the Monetary Policy Committee voted in favour of the hike, was seen as somewhat hawkish.