Market Synopsis – January 2024

Market Synopsis – January 2024

2024 Outlook Before we unpack our outlook for 2024, we would like to take a moment to welcome our investors and readers back from what we hope was a restful time spent with family and friends. The final month of 2023 saw the S&P 500 rally a further 4.42%. This as...
Market Synopsis – November 2023

Market Synopsis – November 2023

Divergence in Equity Markets As 2023 draws to a close and we reflect on the year that was, one thing that stands out is the resilience of equity markets. The S&P 500 has overcome a global banking crisis, the highest US Federal Reserve (“Fed”) funds rate in 22...
Market Synopsis – October 2023

Market Synopsis – October 2023

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...
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 – 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...