Investment commentary - December 2023 by Graham Bentley - 19th December 2023

Investment commentary - December 2023

Equity Rebound and Bond Market Dynamics in 2023. Read more
Investment commentary - October 2023 by Graham Bentley - 3rd November 2023

Investment commentary - October 2023

The attack by Hamas on Israel on October 7th, as well as the terrible loss of civilian lives that followed Israel’s retaliation, has shocked the world. Read more
Investment commentary - September 2023 3rd October 2023

Investment commentary - September 2023

Since we typically take a break in August, it has been a while since my last commentary. However, after reflecting on various index levels at the end of July, and again at the start of September, a quiet and mostly flat month seems to have passed, yet further investigation evidences a continuous descent for most assets over the first three weeks. This serves to remind me that many of us spend too much time analysing short-term anomalies, rather than long-term trends, but more on this later. Read more
Investment commentary - August 2023 10th September 2023

Investment commentary - August 2023

Investment commentary has a habit of recalling economic and political events over the month, in turn implying some cause-and-effect relationship – stuff happened, and this is how markets were affected. However, correlation is not causation. Having been on-course for the worst month of global market performance for over a year, news of a new Rolling Stones album may be cause for celebration but (probably) didn’t inspire the rebound in market sentiment over the final third of the month. Read more
Investment management review 2nd August 2023

Investment management review

Chief Investment Office, Graham Bentley, Head of Avellemy Private Wealth, Stephen Lennon and Head of Collectives, David Morcher from Avellemy, one of our panelled investment management partners, come together to discuss market activity for the first half of 2023. Read more
Market update report from Graham Bentley, Chief Investment Officer 19th June 2023

Market update report from Graham Bentley, Chief Investment Officer

As I write this, on Wednesday 14th June, all eyes are again on central banks and whether they will raise interest rates again or not. Read more
Market update report from Graham Bentley, Chief Investment Officer 23rd May 2023

Market update report from Graham Bentley, Chief Investment Officer

As widely expected, both the US Federal Reserve (Fed) and the Bank of England (BoE) raised interest rates by a further 0.25% each. That makes it a dozen successive rate rises from the BoE, bringing the base rate of interest to 4.50%. The rises had very little market impact as both were fully priced into bond and equity markets. Read more
Market update report from Graham Bentley, Chief Investment Officer 4th May 2023

Market update report from Graham Bentley, Chief Investment Officer

As I write (on Wednesday 3rd May) markets are once again braced for another interest rate rise from the US Federal Reserve (Fed). A further 0.25% hike is widely expected but market participants will be closely scrutinising comments in the announcement for any hints to the future path of interest rate rises. Given the recent pressures on the US banking system, many will be hoping for a signal that the Fed will take a pause from raising rates in June. Read more
Our latest investment commentary covering April 2nd May 2023

Our latest investment commentary covering April

A remarkable feature of stock markets is their propensity for cognitive dissonance, where deeply held beliefs or behaviours are tested by conflicting new information. As I write this, the US Federal Reserve (Fed) Chair Jay Powell has announced his policy committee’s decision on interest rates, another hike of 0.25%, now having risen more than 20-fold in a year. Read more
Market update report from Graham Bentley, Chief Investment Officer 3rd April 2023

Market update report from Graham Bentley, Chief Investment Officer

Almost sixty years ago, during a speculative attack on sterling following Labour’s election victory, new Prime Minister Harold Wilson quipped to lobby journalists that “a week is a long time in politics”. March 2023 has demonstrated that it is also a month of Sundays in economics. While markets continue to navigate a European war, rampant inflation and aggressive interest rate hikes, along comes a banking crisis.  Read more
Market update report from Graham Bentley, Chief Investment Officer 20th March 2023

Market update report from Graham Bentley, Chief Investment Officer

Yesterday was something of a high news day – a usually headlining Budget speech has been upstaged by yet more shenanigans on global stock markets. Read more
March 2023 Market update report from Head of Avellemy Private Wealth, Stephen Lennon 10th March 2023

March 2023 Market update report from Head of Avellemy Private Wealth, Stephen Lennon

On Tuesday 7th March, the Chair of the US Federal Reserve (Fed), Jerome Powell, warned that US interest rates will probably have to be raised “higher than previously  anticipated”. Read more
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