A Frenetic Start to the Year: January 2026 Market Review
Executive Summary January delivered strong global equity returns, but with clear dispersion. Asia and Emerging Markets (EM) led decisively, while the US lagged amid elevated policy and [...]
A Mixed Month to Close Out an Outstanding Year: December 2025 Market Review
Executive Summary December was a mixed but calmer month compared to October and November. Markets initially rose on expectations of an interest-rate cut, pulled back after the Federal Reserve [...]
Venezuela in Focus: Political Developments and Market Implications
Executive Summary The US military operation in Venezuela on 3 January 2026 is geopolitically dramatic but economically minor, given Venezuela’s very small role in the global economy. Venezuela [...]
Turbulent With a Late Recovery: Market Review November 2025
Executive Summary November 2025 was turbulent with a late recovery. Markets entered the month on a dour mood following a “hawkish cut” from the Federal Reserve, and AI-sector specific news added [...]
More All-Time Highs Despite a Slightly Rockier Ride: Market Review October 2025
Executive Summary October 2025 saw global markets reach new all-time highs despite a volatile start marked by trade tensions between the US and China. Swift diplomatic efforts helped restore [...]
