Insights

Share buybacks in the US have been a key feature of market dynamics during the post-GFC period...

The collapse of Silicon Valley Bank (SVB) and fears of contagion have hit global bank stocks, rippling through to wider risk off market sentiment

While the FT Wilshire 5000 adopted a risk off tone in February…

The improvement in risk appetite in recent months has been underpinned by a 'Goldilocks' scenario of easing financial conditions

The FT Wilshire 5000 has appreciated 14.5% from the mid-October low

Markets are convinced that inflation has already peaked and that interest rates should follow suit by Q2 this year.

The FT Wilshire 5000 delivered the 4th largest annual drawdown since 1970

The likelihood of the delivery of sustained disinflation in 2023

The second half of 2023 has seen the 2023 EPS growth rate forecast start to decline

Bear markets are not linear – they typically witness numerous rallies

The FT Wilshire 5000 rallies 8.2% in October

Scale of the drawdown in global equities in 2022 has produced a significant de-rating with US equites experiencing one of the largest PE contractions