Weekly Investment View

Leaving the bearish feelings of 2018 behind

Weekly Investment View – 20 January 2019

A rally just before a long weekend is a sign that market psychology has changed. Investors are waking up to the sound economic fundamentals and are leaving their bearishness behind

January

It may be volatile, but 2019 looks promising for risky assets

January

It may be volatile, but 2019 looks promising for risky assets

2018

Market worries about trade should pass

February

Staying overweight in global equities

We are happy to have added to equities a week ago

FAB Asset Allocation Committee adds to global equity overweight into weakness

The correction we were looking for – wait to buy; don’t sell

January

Good news: World growth is revised upwards by the IMF

As in 2013, the US government shutdown will pass

We remain bullish on equities for 2018, expecting increased volatility

December

Some good assets are cheap, even if it may be hard to see it

Investor sentiment is not reflecting a still sound US economy

November

The best investment opportunities appear during volatile times

There are good reasons to remain bullish on US equities

If history is a guide, the year-end could be good for US stocks

October

US stocks look ripe to resume the rally after this correction

Bull markets have corrections, and they are a chance to buy

September

Global investors are nudged to turn to GCC bonds

EM investors will watch the Fed even more closely than usual

EM central banks have different problems from the Fed’s

It is too soon to bet on a recovery in emerging markets

August

Investors should watch Washington as Wall Street hits highs

Turkey casts a shadow on an otherwise great year

Beware of backward looking economic numbers

July

There is some hype, but stocks remain a great investment

Supports, resistances may break; supply and demand stay

Where currencies go, so do markets — and the dollar is up

The trade spat is becoming a currency war

June

Emerging markets watch central bank trinity

US growth set to improve

May

Range-trading going into the summer

More and more investment roads lead to China

Markets take a relaxed view of developments

Side-stepping some summer equity risks

April

Summer coming into view

The ‘Wall of Worry’ gets built by the IMF

The Cut and Thrust Of Markets

Market corrections are normal

Reassessment after a quick ‘FAANG’ shakeout

March

Commentators prematurely assume a trade war

US inflation was the dog that didn’t bark; and being fired by tweet

The equity bears are squealing again

Market worries about trade should pass

February

Staying overweight in global equities

We are happy to have added to equities a week ago

FAB Asset Allocation Committee adds to global equity overweight into weakness

The correction we were looking for – wait to buy; don’t sell

January

Good news: World growth is revised upwards by the IMF

As in 2013, the US government shutdown will pass

We remain bullish on equities for 2018, expecting increased volatility

2017

December

Cruising towards year-end, with risk assets looking good

Volatility To Gradually Build In Risk Asset Prices – But That’s Healthy!

November

Gradual nature of new highs underline the momentum

Catalysts for a market correction could be in place - but don’t sell

October

Can the market avoid a ‘melt-up’?

Still expecting an equity correction, despite improving outlook for US tax reform

Confidence is growing across global markets

The Trump Trade is back

Global Leaders Confront Their Challenges – While Risk Assets Advance

September

The Fed States Its Case In Continuing Geopolitics

The path of least resistance in equities is upwards

Navigating The Turbulence

Global Growth Is Improving, In Line With ‘Outlook 2017’

August

The Jackson Hole Edition

The Right People Are Staying

Finally A Correction – A Pause That Should Refresh

Investors Appear Content With Markets

July

Quite A Lot For Investors To Digest

Onto the next US hurdles

Locking-in profits ahead of summer uncertainty

Investment policy remains ‘risk-on’

Into the summer.

June

US Economy Takes the Shine off Equity Markets

May

Equities Continue to Climb the Wall of Worry

Making it Through a Mid-Week Wobble

The Positive Tone in Equities Remains Intact

Positive Things Could be Stirring in Europe

US Events Dominated Last Week

April

Political Concerns Tempered by a Good IMF Growth Report

Easter Ushers In Heightened Geopolitical Risk

Not Accepting The Pessimism

A Good First Quarter For Risk Assets

March

Learning Political Lessons from US Healthcare

Markets Adhere To The Fed Dot Plot

Taking Some Money Off The Table – Purely Tactically

Taking Cues From The Speeches

February

Staying long in equities

Increased equity weightings look sustainable

The equity bears are being proven wrong

Weight of money overcomes background noise

January

Trump’s first week in office

Yes, this US Presidency will really be different

A fore-runner for the NBAD Investment Outlook 2017

Markets Tread Water Ahead Of Trump Inauguration

December

Cruising towards year-end, with risk assets looking good

Volatility To Gradually Build In Risk Asset Prices – But That’s Healthy!

November

Gradual nature of new highs underline the momentum

Catalysts for a market correction could be in place - but don’t sell

October

Can the market avoid a ‘melt-up’?

Still expecting an equity correction, despite improving outlook for US tax reform

Confidence is growing across global markets

The Trump Trade is back

Global Leaders Confront Their Challenges – While Risk Assets Advance

September

The Fed States Its Case In Continuing Geopolitics

The path of least resistance in equities is upwards

Navigating The Turbulence

Global Growth Is Improving, In Line With ‘Outlook 2017’

August

The Jackson Hole Edition

The Right People Are Staying

Finally A Correction – A Pause That Should Refresh

Investors Appear Content With Markets

July

Quite A Lot For Investors To Digest

Onto the next US hurdles

Locking-in profits ahead of summer uncertainty

Investment policy remains ‘risk-on’

Into the summer.

June

US Economy Takes the Shine off Equity Markets

May

Equities Continue to Climb the Wall of Worry

Making it Through a Mid-Week Wobble

The Positive Tone in Equities Remains Intact

Positive Things Could be Stirring in Europe

US Events Dominated Last Week

April

Political Concerns Tempered by a Good IMF Growth Report

Easter Ushers In Heightened Geopolitical Risk

Not Accepting The Pessimism

A Good First Quarter For Risk Assets

March

Learning Political Lessons from US Healthcare

Markets Adhere To The Fed Dot Plot

Taking Some Money Off The Table – Purely Tactically

Taking Cues From The Speeches

February

Staying long in equities

Increased equity weightings look sustainable

The equity bears are being proven wrong

Weight of money overcomes background noise

January

Trump’s first week in office

Yes, this US Presidency will really be different

A fore-runner for the NBAD Investment Outlook 2017

Markets Tread Water Ahead Of Trump Inauguration

2016

December

Reviewing last week’s Fed transcript

Stocks party on – don’t ‘fight the tape’!

Consolidation and correction as expected

November

Brief consolidation in equities wouldn’t be a surprise

Investors view developed market equities more favourably

Populism wins again

Markets Braced for US Elections Next Week

October

It will be good to move on

Healthy Balance Sheets Buoy US Markets

US electioneering in full swing…

‘Fat fingers’ or bear attacks - and US politics

September

Politicians take the baton from the central banks

Global Central Banks Steady Impetuous Markets

It’s not all just about the US

The Fed has an interesting decision to make

August

What the lady really said at Jackson Hole

Hoping for limited data dependence at Jackson Hole

Navigating the summer markets

Further new S&P500 high – with NASDAQ confirmation

July

‘Never sell a dull market’ - especially after new highs?

Markets travelling hopefully

Possible market rotation underway

The Return of FOMO (the Fear Of Missing Out)

A choppy week that ended very well

Markets stabilize, post-Brexit

June

Brexit Voted For - The Implications

A British Exit To Cause Summer Doldrums? We Think Not…

Taking Up The Gauntlet. Markets In A Holding Pattern

Keep The Faith With An Unchanged Strategy…

May

Appropriate measures in a long slow recovery…

Trimming risk with the US Fed in Serenity

Many resolutions due

Holding your nerve through the summer

Central banks driving into summer...

April

‘FOMO’ (the fear of missing out)

A confluence of crossroads

It’s not May yet

The Importance of Being Tactical

March

Rekindling Markets. Easy Money Policies Reinforced.

Making some adjustments

February

Staying safe – yet being tactical

The Fed is still ‘between a rock and a hard place’ - but is not alone!

Trying to make sense of it all

Starting with US jobs…and ending with the NBAD Outlook 2016

January

Downside is leading to better values

The new ‘January Effect’

December

Reviewing last week’s Fed transcript

Stocks party on – don’t ‘fight the tape’!

Consolidation and correction as expected

November

Brief consolidation in equities wouldn’t be a surprise

Investors view developed market equities more favourably

Populism wins again

Markets Braced for US Elections Next Week

October

It will be good to move on

Healthy Balance Sheets Buoy US Markets

US electioneering in full swing…

‘Fat fingers’ or bear attacks - and US politics

September

Politicians take the baton from the central banks

Global Central Banks Steady Impetuous Markets

It’s not all just about the US

The Fed has an interesting decision to make

August

What the lady really said at Jackson Hole

Hoping for limited data dependence at Jackson Hole

Navigating the summer markets

Further new S&P500 high – with NASDAQ confirmation

July

‘Never sell a dull market’ - especially after new highs?

Markets travelling hopefully

Possible market rotation underway

The Return of FOMO (the Fear Of Missing Out)

A choppy week that ended very well

Markets stabilize, post-Brexit

June

Brexit Voted For - The Implications

A British Exit To Cause Summer Doldrums? We Think Not…

Taking Up The Gauntlet. Markets In A Holding Pattern

Keep The Faith With An Unchanged Strategy…

May

Appropriate measures in a long slow recovery…

Trimming risk with the US Fed in Serenity

Many resolutions due

Holding your nerve through the summer

Central banks driving into summer...

April

‘FOMO’ (the fear of missing out)

A confluence of crossroads

It’s not May yet

The Importance of Being Tactical

March

Rekindling Markets. Easy Money Policies Reinforced.

Making some adjustments

February

Staying safe – yet being tactical

The Fed is still ‘between a rock and a hard place’ - but is not alone!

Trying to make sense of it all

Starting with US jobs…and ending with the NBAD Outlook 2016

January

Downside is leading to better values

The new ‘January Effect’