New article from Tatton Investment Management: Tug of war - bonds vs. equities
19 March 2021, 12:00am
Next week will mark the anniversary of the turning point of the 2020 COVID stock market crash. Investors looking at their one-year portfolio returns may well be astonished to find double-digit return figures, ranging from around 15% for lower risk strategies to close to 50% for pure global equity portfolios. Alas, don’t expect a repeat over the coming months, as these exceptional annual return levels are purely due to the ‘base effect’. When improvements are measured from an exceptionally low point, the percentage increase is particularly pronounced. If we measure from the beginning of 2020, returns are in the much more sustainable range of 5 - 15%.
Nevertheless, it is pleasing that much of what we projected to clients in our ad hoc crisis communications a year ago has materialised. The global economy remains intact, and near-term growth prospects look strong – as does the likely unprecedented demand spike – once the pandemic finally retreats.
With stock markets having already priced in a considerable amount of what recovery hopefully lies ahead, there’s – somewhat paradoxically – more to be anxious about. This is a period without real historical reference, and economic data affected by the very same base effect that investors experience for their investment returns creates considerable uncertainties and nervousness that has led to renewed volatility in capital markets. Over the next few months in particular, we can expect extraordinarily high annual economic growth rates, as well as higher reported inflation numbers, almost entirely as a result of the comparison to where we stood a year ago.
Overall, markets are still making upwards progress. However, the concern over rising yields is both a risk for spoiling the expected recovery party and creating different winners and losers compared to last year. While this should not prove too much of an issue for holders of widely-diversified investment portfolios, those investors with more concentrated exposure to particular regions, industries or investment styles are experiencing a reversal of fortunes compared to last year.
Given how much sway yield levels and inflation concerns are having over market action right now, it is worth taking a snapshot of where we are, which still starts with a look at the state of the pandemic.
Globally, the COVID infection numbers are rising again, perhaps driven by a large increase in testing, perhaps because restrictions are being lifted with schools reopening in many places, perhaps driven by the new more contagious strains, perhaps because people everywhere are getting tired of being distanced.
In the (traditionally insular) US hospitalisations are declining sharply, and the ‘positive test’ numbers have stopped falling since schools went back and the testing capacity doubled. The now-passed American Rescue Plan Act is already putting money into the pockets of American consumers, which will boost consumption strongly, especially after the winter storm-induced (rather than COVID-induced) slowdown in late February-early March. Consumer service spending could prove particularly strong with, for example, tourist resort hotels completely booked out in the coming weeks and months. As we have noted, the massive bump in US activity has dominated discussions about spillover effects into global growth, which has led to a sharp rise in long-term US bond yields, which has in turn dragged up yields elsewhere. Yet current activity data elsewhere in the world is no longer improving – just like the daily figures on the pandemic.
Case numbers are rising again in Europe and, unfortunately, this appears to be down to greater transmission rather than more testing. The vaccination pace has started to increase, and there is some good news in that the vaccines also appear to be reducing the overall impacts of catching the illness, while renewed lockdowns in Italy and elsewhere appears to have brought some stabilisation. Of course, that’s not a good story economically. The victory of vaccination is that lockdowns should not be necessary.
Meanwhile, Asia has also had some of its confidence shaken by what appears to be a small COVID resurgence. This is at a much lesser level than Europe, but has been enough to keep consumers from enjoying the oncoming spring.
Just like with the UK and £-Sterling, the slightly lower virus impact has led to the US dollar regaining strength over the past month, against the Euro and the Yen, and against many emerging market currencies. This, in turn, has fed through to some central banks beginning to tighten policies, a year after the sharp virus-led cuts.
At the margin, global monetary policy is tightening, even if the big western blocks are unlikely to explicitly do so until 2023. We look at US Federal Reserve (Fed) policies in more details below following its Wednesday meeting. Meanwhile, the European Central Bank (ECB) stands out as still in easing mode, after promising more quantitative easing. However, many other nations have started to move in the other direction.
China has been indicating a hawkish stance, as we have discussed in the past two weeks. Today, the oil-related nations have indicated a return to normality. Russia has raised rates in a surprise move while Norway has signalled it expects to raise rates later this year. Japan is allowing a (slight) rise in long-term yields. We have also seen rate rises from Brazil, Turkey, Ukraine and Georgia.
The financial conditions tightening effect of a stronger dollar, higher US bond yields and policy tightening from the above central banks have converged to take the edge off the very same global growth expectations that have been driving yields higher since the beginning of the year.
The financial conditions tightening effect of a stronger dollar, higher US bond yields and policy tightening from the above central banks have converged to take the edge off the very same global growth expectations that have been driving yields higher since the beginning of the year.
Interestingly enough, that probably means that US ten-year Treasury yields will struggle to go much higher than the 1.75% level seen briefly on Thursday. And, given that equity markets had been driven more by bond yield movements than growth expectations recently, it suggests a period of stabilisation in the recent tug of war between growth excitement, inflation fears and bond yields.
News Archive
23 August 2024, 05:00pm
Latest news from Tatton Investment Management: Late Summer heatwave
16 August 2024, 05:00pm
Latest news from Tatton Investment Management: Tornado rather than hurricane
9 August 2024, 05:00pm
Latest news from Tatton Investment Management: Market correction turns into pothole
2 August 2024, 05:00pm
Latest news from Tatton Investment Management: Central bank week
26 July 2024, 05:00pm
Latest news from Tatton Investment Management: Don’t fear the rebalance
19 July 2024, 05:00pm
Latest news from Tatton Investment Management: Shock, rotation, growth?
12 July 2024, 04:00pm
Latest news from Tatton Investment Management: Lower inflation, less profits?
5 July 2024, 05:00pm
Latest news from Tatton Investment Management: New government, same economy
21 June 2024, 04:30pm
Latest news from Tatton Investment Management: Stock market highs don’t feel so high
14 June 2024, 05:00pm
Latest news from Tatton Investment Management: Still mostly sticking to the plan
7 June 2024, 05:00pm
Latest news from Tatton Investment Management: ECB’s Lagard makes rate cut history
31 May 2024, 05:00pm
Latest news from Tatton Investment Management: Markets consolidate
24 May 2024, 04:00pm
Latest news from Tatton Investment Management: Nvidia versus the Fed
17 May 2024, 05:00pm
latest news from Tatton Investment Management: Pluses and minuses
10 May 2024, 05:00pm
latest news from Tatton Investment Management: A blooming May for the UK
3 May 2024, 05:00pm
latest news from Tatton Investment Management: Still sticking to the plan
26 April 2024, 05:00pm
latest news from Tatton Investment Management: Inflation, a common side effect of growth
19 April 2024, 12:00am
latest news from Tatton Investment Management: Market quiet on the Middle Eastern front
12 April 2024, 05:00pm
latest news from Tatton Investment Management: What the return of volatility tells us
5 April 2024, 05:00pm
latest news from Tatton Investment Management: Bumpy start to the quarter
29 March 2024, 05:00pm
latest news from Tatton Investment Management: Everyone is an optimist now
22 March 2024, 05:00pm
latest news from Tatton Investment Management: Stick to the plan
15 March 2024, 05:00pm
latest news from Tatton Investment Management: The flipside of inflation - growth
8 March 2024, 05:00pm
latest news from Tatton Investment Management: At least currency markets noticed the budget
1 March 2024, 12:00am
Latest news from Tatton Investment Management: Winners and losers of stabilising yields
23 February 2024, 05:00pm
Latest news from Tatton Investment Management: M&A activity sets growth against value
16 February 2024, 12:00am
Latest news from Tatton Investment Management: UK not growing really, not growing nominally
9 February 2024, 05:00pm
Latest news from Tatton Investment Management: US stock market entering bubble territory?
2 February 2024, 05:00pm
Latest news from Tatton Investment Management: Central banks challenge Goldilocks assumptions
26 January 2024, 05:00pm
Latest news from Tatton Investment Management: Positive growth sentiment returns
19 January 2024, 05:00pm
Latest news from Tatton Investment Management: Data versus Davos
12 January 2024, 05:00pm
Latest news from Tatton Investment Management: A bumpy upwards path ahead
5 January 2024, 04:40pm
Latest news from Tatton Investment Management: After the party, the hangover?
15 December 2023, 05:00pm
Latest news from Tatton Investment Management: Central bank elves boost 2023 Santa rally
8 December 2023, 05:00pm
Latest news from Tatton Investment Management: A bit of a downer
1 December 2023, 12:00am
Latest news from Tatton Investment Management: Price shock reversal
24 November 2023, 12:00am
Latest News from Tatton Investment Management: Thanksgiving lull
17 November 2023, 05:00pm
Latest News from Tatton Investment Management: Inflation genie back in the bottle?
10 November 2023, 04:00pm
Latest News from Tatton Investment Management: Back pedalling central bankers
3 November 2023, 12:00am
Latest News from Tatton Investment Management: Dovishness proves contagious
27 October 2023, 05:00pm
Latest News from Tatton Investment Management: The resilience narrative comes under pressure
20 October 2023, 05:00pm
Latest News from Tatton Investment Management: Bond yield volatility has markets guessing
13 October 2023, 05:00pm
Latest News from Tatton Investment Management: Capital markets and war
9 October 2023, 09:00am
Latest News from Tatton Investment Management: Recession fears creeping back
2 October 2023, 09:00am
Latest News from Tatton Investment Management: Economic resilience is about to be tested
22 September 2023, 04:00pm
Latest News from Tatton Investment Management: To yield or not to yield
15 September 2023, 05:00pm
Latest News from Tatton Investment Management: Central bank hawks determined to defang inflation
8 September 2023, 05:00pm
Latest News from Tatton Investment Management: Energy in focus - oil prices up and an ill wind for r
1 September 2023, 12:00am
Latest News from Tatton Investment Management: New school term has the US back at the top
25 August 2023, 12:00am
Latest News from Tatton Investment Management: Bonds still calling the shots
18 August 2023, 05:00pm
Latest News from Tatton Investment Management: Bonds are back
11 August 2023, 05:00pm
Latest News from Tatton Investment Management: Summer markets
4 August 2023, 12:00am
Latest News from Tatton Investment Management: Weather matters
28 July 2023, 05:00pm
Latest News from Tatton Investment Management: Rate rises bouncing off 'Teflon' markets
21 July 2023, 05:00pm
Latest News from Tatton Investment Management: Another inflation driver turns over
14 July 2023, 05:00pm
Latest News from Tatton Investment Management: Core inflation slowdown equals an upbeat week for equ
7 July 2023, 05:00pm
Latest News from Tatton Investment Management: Markets sour on news of resilient economy
30 June 2023, 12:00am
Latest News from Tatton Investment Management: A glass half-full half year
23 June 2023, 05:00pm
Latest News from Tatton Investment Management: Markets cathcing up with reality
16 June 2023, 05:00pm
Latest News from Tatton Investment Management: Market conundrum amid volatile growth
9 June 2023, 05:00pm
Latest News from Tatton Investment Management: Immaculate disinflation sentiment cheers investors
2 June 2023, 05:00pm
Latest News from Tatton Investment Management: Markets take good news in their stride
26 May 2023, 05:00pm
Latest News from Tatton Investment Management: Debt ceiling angst or simply lack of good news
19 May 2023, 12:00am
Latest News from Tatton Investment Management:Big tech stocks increase is 'artificial'
12 May 2023, 12:00am
Latest News from Tatton Investment Management: Central bank policy gamble?
5 May 2023, 05:00pm
Latest News from Tatton Investment Management: A small predicament
28 April 2023, 05:00pm
Latest News from Tatton Investment Management: Inflation running out of money
21 April 2023, 05:00pm
Latest News from Tatton Investment Management: Prospects of a warm spring
14 April 2023, 05:00pm
Latest News from Tatton Investment Management: Return of calm bodes well for Spring
6 April 2023, 12:00am
Latest News from Tatton Investment Management: Spring of hope following winter of doom?
31 March 2023, 12:00am
Latest News from Tatton Investment Management: Markets put bank stress behind, but challenges remain
24 March 2023, 12:00am
Latest News from Tatton Investment Management: Swiss parochialism backfires
17 March 2023, 12:00am
Latest News from Tatton Investment Management: Bank stress testing - live
10 March 2023, 12:00am
Latest News from Tatton Investment Management: Market wrestling
3 March 2023, 12:00am
Latest News from Tatton Investment Management: Mood swings
24 February 2023, 12:00am
Latest News from Tatton Investment Management: Balancing acts
17 February 2023, 12:00am
Latest News from Tatton Investment Management: A dose of realism creeps in
3 February 2023, 12:00am
Latest News from Tatton Investment Management: A good month is not a strong year – but it helps
27 January 2023, 12:00am
Latest News from Tatton Investment Management: Goldilocks in the air
20 January 2023, 12:00am
Latest News from Tatton Investment Management: Slowing growth throws markets into a bind
13 January 2023, 12:00am
Latest News from Tatton Investment Management: Football fever saves UK from recession
6 January 2023, 12:00am
Latest News from Tatton Investment Management: January surprises
16 December 2022, 12:00am
Latest News from Tatton Investment Management: Central bank Scrooges cancel Santa rally
9 December 2022, 12:00am
Latest News from Tatton Investment Management: Fed up before Christmas
2 December 2022, 12:00am
Latest News from Tatton Investment Management - Not so bad? Almost good
25 November 2022, 12:00am
Latest News from Tatton Investment Management: Markets give thanks
18 November 2022, 12:00am
Latest News from Tatton Investment Management: Plugging the holes
11 November 2022, 12:00am
Latest News from Tatton Investment Management: Signs of ‘peak inflation’ emboldens markets
4 November 2022, 12:00am
Latest News from Tatton Investment Management: Diverging paths accompanied by seasonally scary messa
28 October 2022, 12:00am
Latest News from Tatton Investment Management: US slows, Europe’s winter outlook improves, UK back t
21 October 2022, 12:00am
Latest News from Tatton Investment Management: The UK and beyond
14 October 2022, 12:00am
Latest News from Tatton Investment Management: Change in the air
7 October 2022, 12:00am
Latest News from Tatton Investment Management: Reading the runes of this week's market bounce
30 September 2022, 12:00am
News from Tatton Investment Management: Loss of trust
23 September 2022, 12:00am
News from Tatton Investment Management: Competing policy measures leave markets worried
16 September 2022, 12:00am
News from Tatton Investment Management: The Fed at work and China snubs Putin
2 September 2022, 12:00am
News from Tatton Investment Management: Waiting for policy action
26 August 2022, 12:00am
News from Tatton Investment Management: Delicate equilibrium
19 August 2022, 12:00am
News from Tatton Investment Management: Will a new PM be good news for investors?
12 August 2022, 12:00am
News from Tatton Investment Management: Fear of missing out
5 August 2022, 12:00am
News from Tatton Investment Management: Markets bet on a perfect landing
29 July 2022, 12:00am
News from Tatton Investment Management: Positive returns amidst negative sentiment
22 July 2022, 12:00am
News from Tatton Investment Management: Economy weakens but central banks persevere
15 July 2022, 12:00am
News from Tatton Investment Management: Too hot, too cold
8 July 2022, 12:00am
News from Tatton Investment Management: Markets not reflecting public fear
4 July 2022, 12:00am
News from Tatton Investment Management: Energy price shock turns into central bank focal point
24 June 2022, 12:00am
News from Tatton Investment Management: Public sentiment vs economic realities
17 June 2022, 12:00am
News from Tatton Investment Management: Linchpin oil price
10 June 2022, 12:00am
News from Tatton Investment Management: Reading between the lines
3 June 2022, 12:00am
News from Tatton Investment Management: Rollercoaster for the Jubilee funfair
27 May 2022, 12:00am
News from Tatton Investment Management: As recession talk subsides, inflation pressures increase
23 May 2022, 12:00am
News from Tatton Investment Management: Talking recession to fight inflation
13 May 2022, 12:00am
News from Tatton Investment Management: Bear market fear as another tech bubble deflates
9 May 2022, 12:00am
News from Tatton Investment Management: Market noise is almost deafening
29 April 2022, 12:00am
News from Tatton Investment Management: Range bound markets - despite the drama
22 April 2022, 12:00am
News from Tatton Investment Management: Finely balanced
14 April 2022, 12:00am
News from Tatton Investment Management: Easter review and outlook
8 April 2022, 12:00am
News from Tatton Investment Management: Q2 begins with QT top of the agenda
1 April 2022, 12:00am
News from Tatton Investment Management: A week of relative calm - and no April fool
25 March 2022, 12:00am
News from Tatton Investment Management: Better news is not always good news
22 March 2022, 12:00am
News from Tatton Investment Management: Changing tides
11 March 2022, 12:00am
News from Tatton Investment Management: Positioning for the energy price shock
4 March 2022, 12:00am
News from Tatton Investment Management: A double edged sword
25 February 2022, 12:00am
News from Tatton Investment Management: Back to the past
18 February 2022, 12:00am
News from Tatton Investment Management: Investors anxious for storms to blow over
11 February 2022, 12:00am
News from Tatton Investment Management: Investment climate change
4 February 2022, 12:00am
News from Tatton Investment Management: The Lagarde pivot hits insecure markets
28 January 2022, 12:00am
News from Tatton Investment Management: Taper Tantrum 2.0 fears rattle markets
21 January 2022, 12:00am
News from Tatton Investment Management: A bumpy road to somewhere
14 January 2022, 12:00am
News from Tatton Investment Management: Markets caught between hoping and dreading
10 January 2022, 12:00am
20 December 2021, 12:00am
News from Tatton Investment Management: Christmas tidings of comfort, if not joy
10 December 2021, 12:00am
News from Tatton Investment Management: Plan B or not Plan B? That is the question
3 December 2021, 12:00am
News from Tatton Investment Management: The pre-Christmas ‘quiz’ that not many want to play
29 November 2021, 12:00am
News from Tatton Investment Management: New COVID variant flattens 'Black Friday' feeling
19 November 2021, 12:00am
News from Tatton Investment Management: Dollar strength and divergence caps a dull week for investor
12 November 2021, 12:00am
News from Tatton Investment Management: Central banks struggle with messaging
5 November 2021, 12:00am
News from Tatton Investment Management: No tantrum over this taper
29 October 2021, 12:00am
News from Tatton Investment Management: Bond markets give central bankers a telling off
22 October 2021, 12:00am
News from Tatton Investment Management: Confused or determined central bankers?
18 October 2021, 12:00am
News from Tatton Investment Management: Have we passed the peak of supply disruption?
8 October 2021, 12:00am
News from Tatton Investment Management: Economy hits an air pocket
1 October 2021, 12:00am
News from Tatton Investment Management: Rising yields are back
24 September 2021, 12:00am
News from Tatton Investment Management: Wall of worry time
17 September 2021, 12:00am
News from Tatton Investment Management: End of the re-opening honeymoon
10 September 2021, 12:00am
News from Tatton Investment Management: Paying for it - major economies ponder their balance sheets
3 September 2021, 12:00am
New article from Tatton Investment Management: Politics and policy sit at the head of the table
27 August 2021, 12:00am
New article from Tatton Investment Management: Fed tapering: the 'how' matters more than 'when'
20 August 2021, 12:00am
New article from Tatton Investment Management: Markets hit a bit of to and fro
16 August 2021, 12:00am
New article from Tatton Investment Management: Climbing the wall of worry - again
11 August 2021, 12:00am
Midas Share Tips: The Daily Mail views onTatton Asset Management
6 August 2021, 12:00am
New article from Tatton Investment Management: Mega techs under the cosh
30 July 2021, 12:00am
New article from Tatton Investment Management: Summer lull as markets go through the motions
23 July 2021, 12:00am
New article from Tatton Investment Management: Markets wake up to living with the virus
16 July 2021, 12:00am
New article from Tatton Investment Management: Earnings vs Delta
12 July 2021, 12:00am
New article from Tatton Investment Management: Don't look down
2 July 2021, 12:00am
New article from Tatton Investment Management:Transition uncertainties
25 June 2021, 12:00am
New article from Tatton Investment Management: Moderating expectations
18 June 2021, 12:00am
New article from Tatton Investment Management: Investors try to make sense of the Fed’s 'dot-plot'
11 June 2021, 12:00am
New article from Tatton Investment Management: Hazy as Carbis Bay
4 June 2021, 12:00am
New article from Tatton Investment Management: Going up sideways
1 June 2021, 12:00am
New article from Tatton Investment Management: Going up sideways
28 May 2021, 12:00am
New article from Tatton Investment Management: Touch of Goldilocks at the end of May
21 May 2021, 12:00am
New article from Tatton Investment Management: Market resilience in face of Bitcoin crash
14 May 2021, 12:00am
New article from Tatton Investment Management: Market vertigo galore
10 May 2021, 12:00am
New article from Tatton Investment Management: Sell in May and go away?
30 April 2021, 12:00am
New article from Tatton Investment Management: Doubling of earnings leaves markets cold
26 April 2021, 12:00am
New article from Tatton Investment Management: Doubling of earnings leaves markets cold
23 April 2021, 12:00am
New article from Tatton Investment Management: 'Risk on' pauses while the real world keeps accelerat
19 April 2021, 12:00am
New article from Tatton Investment Management: New bond news gives green light for equity investors
9 April 2021, 12:00am
New article from Tatton Investment Management: Bond markets signal economic optimism
1 April 2021, 12:00am
New article from Tatton Investment Management: The first quarter of 2021 was no April fool
26 March 2021, 12:00am
New article from Tatton Investment Management: The world is moving on from the pandemic
19 March 2021, 12:00am
New article from Tatton Investment Management: Tug of war - bonds vs. equities
12 March 2021, 12:00am
New article from Tatton Investment Management: Recalibrations
5 March 2021, 12:00am
New article from Tatton Investment Management: Stock markets find they cannot have it both ways
26 February 2021, 12:00am
New article from Tatton Investment Management: Earnings look set to stabilise wobbling markets
19 February 2021, 12:00am
New article from Tatton Investment Management: One year on - who would have thought
12 February 2021, 12:00am
New article from Tatton Investment Management: No UK double dip, but much talk of bubbles
5 February 2021, 12:00am
New article from Tatton Investment Management: Calming of nerves
1 February 2021, 12:00am
New article from Tatton Investment Management: A fraying of nerves
25 January 2021, 12:00am
New article from Tatton Investment Management: A sigh of relief
15 January 2021, 12:00am
New article from Tatton Investment Management: Fiscal turbo replaces lame duck Trump
8 January 2021, 12:00am
New article from Tatton Investment Management: End points and new beginnings
18 December 2020, 12:00am
New article from Tatton Investment Management: Goodbye to all that
14 December 2020, 12:00am
New article from Tatton Investment Management: Outlook 2021 - no deal Brexit?
4 December 2020, 12:00am
New article from Tatton Investment Management: December concerns over baubles and bubbles
27 November 2020, 12:00am
New article from Tatton Investment Management: Fiscal floundering
20 November 2020, 12:00am
New article from Tatton Investment Management: More tunnel before the light
18 November 2020, 12:00am
Interim Results For The Six Month Period Ended 30 September 2020
13 November 2020, 12:00am
New article from Tatton Investment Management: Change is in the air
6 November 2020, 12:00am
New article from Tatton Investment Management: Looking beyond the obvious
4 November 2020, 12:00am
New article from Tatton Investment Management: US Election Update
2 November 2020, 12:00am
New video from Tatton Investment Management: US election, the response to the pandemic and Brexit
30 October 2020, 12:00am
New article from Tatton Investment Management: Unsettled week ahead - or behind
26 October 2020, 12:00am
New article from Tatton Investment Management: Sunlit uplands or COVID gorge?
21 October 2020, 12:00am
New article from Tatton Investment Management: Sunlit uplands or COVID gorge?
19 October 2020, 12:00am
New article from Tatton Investment Management: Watching and waiting
12 October 2020, 12:00am
New article from Tatton Investment Management: Baffling market optimism
2 October 2020, 12:00am
New article from Tatton Investment Management: A question of time horizons
25 September 2020, 12:00am
New article from Tatton Investment Management: A recovery on hold
18 September 2020, 12:00am
New article from Tatton Investment Management: Taking a step back to look forward
14 September 2020, 12:00am
New article from Tatton Investment Management: Frictions and contradictions
7 September 2020, 12:00am
New article from Tatton Investment Management: Market dynamic of a K-shaped recovery
1 September 2020, 12:00am
New article from Tatton Investment Management: Big tech gets bigger while the Fed takes the easy opt
24 August 2020, 12:00am
New article from Tatton Investment Management: Fed leaves bond investors with that sinking feeling
17 August 2020, 12:00am
New article from Tatton Investment Management: COVID II the sequel - as scary as the original?
10 August 2020, 12:00am
New article from Tatton Investment Management: July brings consolidation
2 August 2020, 12:00am
New article from Tatton Investment Management: Sunshine and shadows
27 July 2020, 12:00am
New article from Tatton Investment Management: PPE = Politics, Pressure and Economics
20 July 2020, 12:00am
New article from Tatton Investment Management: Discomfort of disappearing safety nets
13 July 2020, 12:00am
New article from Tatton Investment Management: Fast and freewheeling
3 July 2020, 12:00am
New article from Tatton Investment Management: H1 2020 offers meaningful lessons
29 June 2020, 12:00am
New article from Tatton Investment Management: Support balances increasing strains - for how long?
22 June 2020, 12:00am
New article from Tatton Investment Management: Equity valuations follow bond valuations' lead
15 June 2020, 12:00am
New article from Tatton Investment Management: Stock markets suffer altitude sickness
8 June 2020, 12:00am
New article from Tatton Investment Management: Markets are enjoying an uncomfortably benign pandemic
1 June 2020, 12:00am
New article from Tatton Investment Management: Optimistic markets despite second wave lockdown threa
26 May 2020, 12:00am
New article from Tatton Investment Management: Just as the sun comes out, clouds appear in the East
22 May 2020, 12:00am
New video from Tatton Investment Management
18 May 2020, 12:00am
New article from Tatton Investment Management: Us-China cold war: Threat or blessing?
11 May 2020, 12:00am
New article from Tatton Investment Management: Most welcome, if feeble, signs of pulling together
4 May 2020, 12:00am
New article from Tatton Investment Management: Opening-up will be slower than locking down
27 April 2020, 12:00am
New article from Tatton Investment Management: V or U-shaped recovery scenarios - the jury is out
20 April 2020, 12:00am
New article from Tatton Investment Management: Lifting lockdown remains a delicate balancing act
20 April 2020, 12:00am
New video from Tatton Investment Management: Stock markets between hope and despair
15 April 2020, 12:00am
New video from Tatton Investment Management: Is now the time to invest?
13 April 2020, 12:00am
New article from Tatton Investment Management: Fading threat of financial crisis re-opens old divide
6 April 2020, 12:00am
New article from Tatton Investment Management: Unprecedented quarter or calm before the storm?
30 March 2020, 12:00am
New article from Tatton Investment Management: Extraordinary: bear and bull market all in one
24 March 2020, 12:00am
New video from Tatton Investment Management: Why have stock markets appeared to rally on the lock-do
23 March 2020, 12:00am
New article from Tatton Investment Management: Government ordered recession
19 March 2020, 12:00am
New video from Tatton Investment Management: Confusion reigns in Capital Markets
18 March 2020, 12:00am
New article from Tatton Investment Management: Why aren't you doing something?
17 March 2020, 12:00am
New video from Tatton Investment Management: From euphoric recovery to depressed tumble
16 March 2020, 12:00am
New article from Tatton Investment Management: Notes on a crash: the short, the medium and long term
13 March 2020, 12:00am
New video from Tatton Investment Management: Panic equity selling or panic raising of precautionar
12 March 2020, 12:00am
New article from Tatton Investment Management: Forced sellers and other distractions
9 March 2020, 12:00am
New article from Tatton Investment Management: Dark times or glimpse of light at the end of the tunn
6 March 2020, 12:00am
New article from Tatton Investment Management: News of a reverse oil price shock rattles markets bey
2 March 2020, 12:00am
New article from Tatton Investment Management: Coronavirus - hitting too close to home
28 February 2020, 12:00am
New article from Tatton Investment Management: This week's market correction requires perspective
26 February 2020, 12:00am
New article from Tatton Investment Management: COVID-19 and the reaction of markets to pandemic fear
24 February 2020, 12:00am
New article from Tatton Investment Management: US markets hit new all-time highs and a 'bump'
17 February 2020, 12:00am
New article from Tatton Investment Management: V-shaped recovery for Valentine
10 February 2020, 12:00am
New article from Tatton Investment Management: Markets show no fear - should they?
3 February 2020, 12:00am
New article from Tatton Investment Management: Looking through the noise of the week
27 January 2020, 12:00am
New article from Tatton Investment Management: Short break to Goldilocks?
20 January 2020, 12:00am
New article from Tatton Investment Management: Parallels and differences to January 2018
14 January 2020, 12:00am
13 January 2020, 12:00am
New article from Tatton Investment Management: So far so good
8 January 2020, 12:00am
Tatton: Woodford & M&G suspensions have driven IFAs to us
6 January 2020, 12:00am
New article from Tatton Investment Management: 2020 starts with a Trump card
23 December 2019, 12:00am
New article from Tatton Investment Management: Goodbye 2019 - welcome 2020 and a new decade!
16 December 2019, 12:00am
New article from Tatton Investment Management: Brightening horizons - 2020 Outlook
8 December 2019, 12:00am
New article from Tatton Investment Management: Can Trump derail the 2020 economic upturn?
2 December 2019, 12:00am
New article from Tatton Investment Management: Markets are driving the markets
25 November 2019, 12:00am
New article from Tatton Investment Management: Markets pause for reality check
18 November 2019, 12:00am
New article from Tatton Investment Management: Swilling cash eases the market mood music
11 November 2019, 12:00am
New article from Tatton Investment Management: Recession concerns retreat
11 November 2019, 12:00am
Interim Results for the six months ended 30 September 2019
4 November 2019, 12:00am
New article from Tatton Investment Management: Crucial October period safely behind
28 October 2019, 12:00am
New article from Tatton Investment Management: Slowly turning
21 October 2019, 12:00am
New article from Tatton Investment Management: Brexit breakthrough versus Brexit fatigue
17 October 2019, 12:00am
17 October 2019, 12:00am
Acquisition of Sinfonia Asset Management Limited (SAM)
14 October 2019, 12:00am
New article from Tatton Investment Management: Market sentiment rebound
7 October 2019, 12:00am
New article from Tatton Investment Management: Stall speed economy fears spreading
30 September 2019, 12:00am
New article from Tatton Investment Management: Ominous US-Dollar strength
23 September 2019, 12:00am
New article from Tatton Investment Management: Diverging economic trends - catalyst for trade war re
16 September 2019, 12:00am
New article from Tatton Investment Management: Market sentiment rebound
9 September 2019, 12:00am
New article from Tatton Investment Management: Choppy water but no storm, yet...
2 September 2019, 12:00am
New article from Tatton Investment Management: Fattening 'tails'
27 August 2019, 12:00am
New article from Tatton Investment Management: Populism politics reversing austerity?
19 August 2019, 12:00am
New article from Tatton Investment Management: Market spat between bond and equity markets
11 August 2019, 12:00am
New article from Tatton Investment Management: Bond markets unnerve equity markets - again
5 August 2019, 12:00am
New article from Tatton Investment Management: The Elephant and the Little Old Lady
29 July 2019, 12:00am
New article from Tatton Investment Management: The quick and the not-so-quick
22 July 2019, 12:00am
New article from Tatton Investment Management: ...'Twere well it were done quickly
15 July 2019, 12:00am
New article from Tatton Investment Management: Positioning for a summer of wait and see
8 July 2019, 12:00am
New article from Tatton Investment Management: Liquidity drives stock markets to new highs
1 July 2019, 12:00am
New article from Tatton Investment Management: The middle of the year - a tipping point?
24 June 2019, 12:00am
New article from Tatton Investment Management: Battle of the ‘doves’
17 June 2019, 12:00am
New article from Tatton Investment Management: Mixed messages
10 June 2019, 12:00am
New article from Tatton Investment Management: The return of the central bank put?
3 June 2019, 12:00am
3 June 2019, 12:00am
Appointment by Frenkel Topping
3 June 2019, 12:00am
Preliminary Results For the year ended 31 March 2019
3 June 2019, 12:00am
New article from Tatton Investment Management: Bond rally musings
27 May 2019, 12:00am
New article from Tatton Investment Management: It is getting warmer
20 May 2019, 12:00am
New article from Tatton Investment Management: Market support for Trump or unwarranted equanimity?
13 May 2019, 12:00am
New article from Tatton Investment Management: Geopolitics re-enter market stage
7 May 2019, 12:00am
New article from Tatton Investment Management: Central banks disappoint expectations
29 April 2019, 12:00am
New article from Tatton Investment Management: Waning market stimuli put stock markets on notice
23 April 2019, 12:00am
New article from Tatton Investment Management: Spring time from here?
16 April 2019, 12:00am
Trading Statement for 12 months ending 31 March 2019
15 April 2019, 12:00am
New article from Tatton Investment Management: Brexit in-limbo aside sentiment is improving
8 April 2019, 12:00am
New article from Tatton Investment Management: Happy 10th birthday, choppy bull market
1 April 2019, 12:00am
New article from Tatton Investment Management:29 March 2019 – quarter end
25 March 2019, 12:00am
New article from Tatton Investment Management: Brinkmanship and extensions
18 March 2019, 12:00am
New article from Tatton Investment Management: Bits & Pieces
11 March 2019, 12:00am
New article from Tatton Investment Management: ECB stimulus U-turn leaves markets unimpressed
4 March 2019, 12:00am
New article from Tatton Investment Management: £-Sterling ‘applauds’ prospect of Brexit delay
25 February 2019, 12:00am
New article from Tatton Investment Management: Progress?
18 February 2019, 12:00am
New article from Tatton Investment Management: Investment perspectives for different Brexit outcomes
15 November 2018, 12:00am
Interim Results for the six months ended 30 September 2018
15 October 2018, 12:00am
New article from Tatton Investment Management: Autopsy of a stock market sell-off
1 October 2018, 12:00am
New article from Tatton Investment Management: Poor politics containing bond market risks?
27 September 2018, 12:00am
New article from Tatton Investment Management: Brexit clamour vs. real market new
7 September 2018, 12:00am
New article from Tatton Investment Management: Interesting times ahead
31 August 2018, 12:00am
New article from Tatton Investment Management: “Not the end of the worldâ€
24 August 2018, 12:00am
New article from Tatton Investment Management: Steady markets vs. noisy politics
17 August 2018, 12:00am
New article from Tatton Investment Management: Political strongman tactics come home to roost
10 August 2018, 12:00am
New article from Tatton Investment Management: Summer heat wave makes way for return of political he
3 August 2018, 12:00am
New article from Tatton Investment Management: A gentle deceleration?
27 July 2018, 12:00am
New article from Tatton Investment Management: Hot air for a hot summer?
20 July 2018, 12:00am
New article from Tatton Investment Management:Earnings are growing, why worry?
13 July 2018, 12:00am
New article from Tatton Investment Management: Hard Brexit demonstration potential?
6 July 2018, 12:00am
Notice of Annual General Meeting
6 July 2018, 12:00am
New article from Tatton Investment Management: It is getting hot
29 June 2018, 12:00am
New article from Tatton Investment Management: Digesting or consolidating?
27 June 2018, 12:00am
Preliminary Results for the year ended 31 March 2018
22 June 2018, 12:00am
New article from Tatton Investment Management: Fragile recovery
15 June 2018, 12:00am
New article from Tatton Investment Management: No surprises
8 June 2018, 12:00am
New article from Tatton Investment Management: Delicate equilibrium
1 June 2018, 12:00am
New article from Tatton Investment Management: Ignore politics at your peril
25 May 2018, 12:00am
New article from Tatton Investment Management: GDPR? No - far more interesting news!
18 May 2018, 12:00am
New article from Tatton Investment Management: What's the economic reality of this week's news?
11 May 2018, 12:00am
New article from Tatton Investment Management: Batten-down-the-hatches?
4 May 2018, 12:00am
New article from Tatton Investment Management: Past the peak?
27 April 2018, 12:00am
New article from Tatton Investment Management: Confusing signals?
20 April 2018, 12:00am
New article from Tatton Investment Management: A mixture of messages
6 April 2018, 12:00am
New article from Tatton Investment Management: Could do better
6 April 2018, 12:00am
New article from Tatton Investment Management: Peaking, plateauing or dimming – and how about that
29 March 2018, 12:00am
New article from Tatton Investment Management: End of a stormy quarter
23 March 2018, 12:00am
New article from Tatton Investment Management: Now we know it's risky!
16 March 2018, 12:00am
New article from Tatton Investment Management: Back to Normal?
9 March 2018, 12:00am
New article from Tatton Investment Management: Tariffs to growth
2 March 2018, 12:00am
New article from Tatton Investment Management: Time to take some profits
23 February 2018, 12:00am
New article from Tatton Investment Management: Change of direction or gradual normalisation?
16 February 2018, 12:00am
New article from Tatton Investment Management: Breathing easier for the moment
9 February 2018, 12:00am
New article from Tatton Investment Management: Meteoric stock markets crash bac
6 February 2018, 12:00am
Tatton Investment Management's Stock Market Correction Assessment
2 February 2018, 12:00am
New article from Tatton Investment Management: Good news turns bad news - again!
26 January 2018, 12:00am
New article from Tatton Investment Management: Surprises
19 January 2018, 12:00am
New article from Tatton Investment Management: US$ weakness versus Bitcoin and Carillion
12 January 2018, 12:00am
New article from Tatton Investment Management: Bullish sentiment rings alarm bells
5 January 2018, 12:00am
New article from Tatton Investment Management: Encouraging kick-off
15 December 2017, 12:00am
New article from Tatton Investment Management: 2017 - taking stock
8 December 2017, 12:00am
New article from Tatton Investment Management: Progress versus Bitcoin
5 December 2017, 12:00am
Interim results for the six months ended 30 September 2017
1 December 2017, 12:00am
New article from Tatton Investment Management: Sudden, but not entirely unexpected
24 November 2017, 12:00am
New article from Tatton Investment Management: Invincible markets?
17 November 2017, 12:00am
New article from Tatton Investment Management: Yield-curve flattening: a bad omen?
10 November 2017, 12:00am
New article from Tatton Investment Management: Nervous investors herald more volatile markets
3 November 2017, 12:00am
New article from Tatton Investment Management: UK rate rise: ‘one and done’ or beginning of rate
27 October 2017, 12:00am
New article from Tatton Investment Management: Trick or treat season
13 October 2017, 12:00am
New article from Tatton Investment Management: All-time highs and Q3 results outlook: Reasons to be
6 October 2017, 12:00am
New article from Tatton Investment Management: Bad news – good news
29 September 2017, 12:00am
New article from Tatton Investment Management: Movements
22 September 2017, 12:00am
New article from Tatton Investment Management: QT to reverse QE and 2-year transition period to soft
15 September 2017, 12:00am
New article from Tatton Investment Management: BoE guides for year-end rate hike - Bluff or real?
8 September 2017, 12:00am
New article from Tatton Investment Management: ‘Back to school’ amidst hurricanes, earthquakes
1 September 2017, 12:00am
New article from Tatton Investment Management: Bad news, Good news
25 August 2017, 12:00am
New article from Tatton Investment Management: Summer low or summer lull?
18 August 2017, 12:00am
New article from Tatton Investment Management: More sellers than buyers
11 August 2017, 12:00am
New article from Tatton Investment Management: Stocks take note of North Korea crisis - or do they?
4 August 2017, 12:00am
New article from Tatton Investment Management: Consolidated base but momentum dwindling
28 July 2017, 12:00am
New article from Tatton Investment Management: Summer thoughts about the ‘longer term’
21 July 2017, 12:00am
New article from Tatton Investment Management: Summer lull - delayed
14 July 2017, 12:00am
New article from Tatton Investment Management: Pre summer-holiday investment check
7 July 2017, 12:00am
New article from Tatton Investment Management: Global growth ploughs on while markets take a breathe
23 June 2017, 12:00am
New article from Tatton Investment Management: Quo Vadis Britain?