Market Review Most Recent

Executive Summary April 2026 delivered strong global equity returns, as markets recovered sharply from March’s geopolitically driven selloff. The MSCI All Country World IMI rose 10.12%, [...]

Executive Summary March was a challenging month for global markets, as the escalating US-Israel conflict with Iran and the near-total shutdown of oil flows through the Strait of Hormuz sent [...]

Executive Summary February delivered mixed equity returns, with Asia and EM once again leading decisively while US equities were mixed. The MSCI All Country World IMI rose 1.58%, while the MSCI [...]

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 [...]

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 [...]

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 [...]

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 [...]

Executive Summary  The third quarter of 2025 marked a robust rebound for global markets, as easing trade tensions, strong earnings, and AI enthusiasm pushed equities to all-time highs. US, [...]

Executive Summary  August 2025 was a strong month for equities, with global markets advancing in both USD and SGD terms. Solid corporate earnings, supportive policy signals, and improving [...]

Executive Summary  July was a fantastic month for stocks, reaching new highs supported by strong AI earnings, low inflation, and a weaker SGD boosting portfolios. Key indices including the [...]

Executive Summary  It has been a tumultuous first half of 2025, with many geopolitical and economic shocks that have begun to reorder the world. However, markets have demonstrated an underlying [...]

Executive Summary  The S&P 500 was up 6.3% in May 2025, one of the best months in history. The rally has been driven largely by tech and communication companies that are either selling [...]

Executive Summary  Stocks had a roller-coaster April and ended higher in USD terms. However, due to the weakness of the USD, returns in SGD turned negative. Foreign exchange (FX) volatility is a [...]

Note: This market review was penned on 7 April 2025. As of 10 April 2025, markets have risen by approximately 10%. However, given the ongoing volatility and uncertainty, we believe the [...]

Executive Summary  February was a challenging month for US stocks, as the uncertainty around how tariffs would affect businesses saw the S&P 500 pull back from its all-time high in the middle [...]

Executive Summary  January was a good month for stocks and bonds; however, stock markets are facing greater uncertainty as the Artificial Intelligence (AI) capex trade that has powered markets [...]

Executive Summary  Providend portfolios have done well over the past four-year period, with 2024 capping off yet another strong year for equities with double-digit returns. While the portfolios [...]

Executive Summary  U.S. equities surged, led by small-cap stocks, which outperformed in anticipation of benefits from Trump’s policy priorities, such as tax cuts and deregulation. The Russell [...]

Executive Summary  October was marked by heightened uncertainty surrounding the US election and a notable rise in US Treasury yields, driven by expectations of increased government debt and [...]

Executive Summary  In September 2024, the stock market marked its first positive month in five years, largely due to a 50-basis point rate cut from the Federal Reserve (Fed) and stimulus [...]

Executive Summary  August 2024 brought sharp market swings, driven by weak U.S. economic data and an unexpected rate hike from the Bank of Japan, which triggered a carry trade unwind and a global [...]

Executive Summary  In July, global equity markets saw strong performance driven by weaker-than-expected inflation and employment data, increasing the likelihood of a Federal Reserve rate cut. [...]

Executive Summary  In June, the global equity markets experienced a significant rally, largely driven by large-cap growth stocks in the technology sector. The MSCI All Country World IMI Index [...]

Executive Summary  In May 2024, global stock and bond markets rebounded significantly, driven by strong corporate earnings, slowing inflation, and increased economic activity in the US and EU. [...]

Executive Summary  In April, the stock market rally paused as both equities and bonds saw significant declines amidst reports of persistent inflation in the US, which reduced the likelihood of [...]

Executive Summary  Equities continued their upward trend in March. However, this time, value stocks shone. Strong performances from the energy, material, industrial, and financial sectors boosted [...]

Introducing the Amundi Index Funds At Providend, we are constantly working to improve our clients’ investment experience by bringing in new funds for our client portfolios. This month, we [...]

Bond yields in January experienced only a marginal increase, even though the Federal Reserve (Fed) ruled out the possibility of a March rate cut. In the initial part of the month, yields moved [...]

The market extended its rally into December, building on the optimism seen in November, driven by expectations of more future rate cuts forecasted by the Federal Reserve. This anticipation [...]

Equities Surged by Nearly 10% In November Following the market declines in October, there was a notable rally in equity and bond markets in November, surpassing the losses incurred the previous [...]