The Insights
At TILLIT we are big believers in learning and broadening our horizons. Our Insight articles cover everything from the here and now in our Market reviews, to short and long reads about the fundamentals of investing, as well as unique thought pieces from leading fund managers in The Opinion, and much more.
Monthly Market Update - December 2023
While December witnessed Value stocks outpacing Growth stocks, the broader landscape of 2023 saw Growth stocks, led by the largest US tech stocks often referred to as the Magnificent Seven, significantly outperforming their Value counterparts. This marked a crucial resurgence for Growth companies that had grappled with substantial losses during the tumultuous events of 2022.
Read moreMonthly Market Update - November 2023
In November, softening inflation prompted the Bank of England and the US Federal Reserve to maintain interest rates. However, Federal Reserve Chair Jerome Powell's remarks on the robustness of the US consumer and small business balance sheets suggested that the era of rate hikes might not be over. Adding to the mix, Moody's let off a firework, downgrading the US outlook due to the country’s escalating deficits. Simultaneously, Japan's economy unexpectedly faltered in Q3, and China's exports stumbled.
Monthly Market Update - October 2023
October, known for its spooky nature, brought a multitude of horrors that had significant effects on the market. One such horror was the rise in bond yields, causing concern among investors. Additionally, the escalating geopolitical tension between Israel and Hamas further dampened market sentiment.
Monthly Market Update - September 2023
With the summer holidays over and the kids back to school, UK households were given some relief in September. In the UK, wage growth finally caught up with rising prices, inflation fell slightly, surprising economists, and The Bank of England chose to keep the base rate unchanged, ending a streak of monthly increases. Elsewhere, the European Central Bank raised rates to combat inflation, while inflation itself fell to its lowest level in nearly a year. In the US, unemployment rose unexpectedly, but retail sales exceeded expectations.
Monthly Market Update - August 2023
Just like the Great British weather over the summer, August brought mixed performance in global markets, with equities underperforming commodities and bonds. Commodities were the standout-performing asset class, while REITS continued to struggle. Overall, market participants expressed concerns about limited stimulus activity in China, as deflationary headwinds blew and the region's debt-laden property sector raised fears of contagion once again.
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