Insights

The rally in US equities over the last 3 months (+16.4%) was partly a function of growing confidence in peak rates and anticipation of an easing cycle

The FT Wilshire 5000 26.1% return in 2023 was driven by 2 large up-legs

The FT Wilshire 5000 delivered a 26.1% return in 2023

In our latest Market Driver report we identified the ‘Magnificent 7’ risk appetite wish list 2024

All equity regions have experienced a large de-rating from their 2021 highs

September was the largest monthly decline this year and it produced a negative return of -3.3% for Q3

The good news - 2023 & 2024 US EPS estimates have started to inflect higher...

Through the prism of style indices, 2023 has seen a strong rotation towards Growth v Value

A significant driver behind the recovery in risk appetite over the last few months has been growing conviction over the delivery of a soft-landing for the US economy

Watch what markets do not what they say

Since 1978 we have identified six periods when inflation has more than doubled and moved significantly higher

A strong finish to Q2 delivers a 16.3% return YTD