Market Synopsis – August 2023

Market Synopsis – August 2023

Too soon to declare a Fed triumph Two-thirds of the way into 2023 the US Federal Reserve (“Fed”) has made marked progress in quelling the overheating US economy. Core CPI excluding shelter and used cars has fallen from a high of 7.1% in mid-2022 to just 0.6% now – see...
Market Synopsis – July 2023

Market Synopsis – July 2023

Market Synopsis – July 2023 The overvaluation of US equity markets The US equity market accounts for over 60% of global equity markets by capitalisation and has proven to be an important driver of global markets over the past decade. In June’s Market Synopsis, we...