Is the new era of inflation underway?

Is the new era of inflation underway?

Long-run inflation swings have been powerful drivers of financial asset performance throughout economic history. These swings in long-run inflation result in inflation eras that can last multiple decades. We believe that a new inflation era is underway that will...
An Introduction to PGMs

An Introduction to PGMs

What are PGMs? PGM stands for Platinum Group Metal, which typically includes six closely related metals that share similar chemical properties and are often found together in mineral deposits. The three most common platinum group metals are Platinum, Palladium and...
Market Synopsis – August2023

Market Synopsis – August2023

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...
Market Synopsis – June 2023

Market Synopsis – June 2023

How did we get here? In March 2020, the global economy was hit by a shock that left millions of people out of work. After a few weeks of commotion, central banks swiftly responded, reducing rates and increasing quantitative easing. In addition, governments implemented...