The Donald has ratcheted up tensions in the trade stand-off just when a resolution was so close you could taste it. Our chief investment officer Julian Chillingworth ponders whether investors are right to shrug it off as gamesmanship.
Quality hasn’t just deteriorated in the sterling-denominated corporate bond market, but the lowest-rated BBB segment has also grown substantially as a proportion of the euro and US dollar investment-grade markets, which are both far bigger. If the rate of downgrades in the next recession is similar to the rate in the previous one, the next rung down in the bond markets – high yield debt markets – could get swamped.
American stocks roared back from last year’s setback at a pace rarely seen. Our chief investment officer, Julian Chillingworth, puzzles over the diabolical VIX index and explains why he thinks markets could be getting ahead of themselves.
Ten years ago this month, the American stock market, stricken by the global financial crisis, bottomed out and started one of the longest upward market trends in history. Now, a decade on, Rathbone Income fund manager Carl Stick thinks it’s appropriate to talk about change.
As investors return from the long Easter weekend, Rathbones chief investment officer Julian Chillingworth considers the prospects for compromise as tariff wars and Brexit negotiations continue amid rumours of another plot to oust Theresa May in our latest Review of the Week.
Equity markets are in a happy mood, climbing through a fog of uncertainty with omens of recession tolling from the bond market. Julian Chillingworth, Rathbones chief investment officer, explains why we think it still makes sense to stay invested, but with vigilance.
It seems only fitting that our new Brexit date coincides with Halloween – will it be ‘trick’ or ‘treat’?
A quick look at the geographic exposure of the UK stock market reveals that the vast majority of UK stock market earnings are sourced from overseas. This is great news, as it means that our stock market is exposed to faster-growing economies which should boost revenue growth for UK equities. The benefits of globalisation should buffer any heavily UK-exposed portfolios. Read more about the future of our economy in our latest Investment Insights.