Return to Cyclical Normality?

Screen Shot 2018-10-09 at 11.17.07Momentum Global Investment Management, one of our UK regulated discretionary investment managers, held their 17th annual investment conference in London last month.

The theme of this year’s conference was ‘Return to Cyclical Normality?’ Ten years on from the global financial crisis, the era of ultra-loose monetary policy is ending and central banks, led by the Fed, are in the process of gradually normalising policy. Is the World now returning to a more normal cyclical pattern, marking the beginning of the end of the extraordinary economic and market conditions of the past decade?

Glyn Owen, Investment Director of Momentum Global Investment Management, with over forty years of market experience, examines this critical question and its implications for investors, as well as the minefield of geopolitics and the rapidly evolving international order. Click here to learn more.

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Taking the Temperature of the Global Economy

Currently the difference between two and ten-year US Treasury bond yields is at its lowest level since 2007, raising fears of an imminent recession. Our base case scenario remains one in which we continue to see a slow, synchronised global expansion. As such we see better value at the front end of the US yield curve and some evidence of mispricing further out, rather than a canary in the coal mine. Nonetheless it is worth spending a minute taking the temperature of the global economy.

Richard Stutley (CFA) of Momentum Global Investment Management, one of our UK regulated, discretionary fund managers shares their view. Click here to learn more.

The Best And Worst Performing Assets In June, Q2 And YTD

As we reach the mid-point for the year, leaving behind a half most would rather forget and looking forward to a half in which central bank quantitive tightening is about to really pick up, Deutsche Bank’s Jim Reid writes that markets spent most of the month of June flip-flopping between constantly evolving trade-war related headlines, as well as digesting the diverging path of a more hawkish than expected Fed versus a more dovish than expected ECB following their respective policy meetings. Learn more