by John Sparks | Jan 6, 2026 | News
Entering 2026, we outline our base case outlook for the US equity market and broad economy: The Equity Market: The AI trade in 2026 First referencing the prior regime shift in technology, the winners of the internet era were asset-light, primarily benefiting from...
by John Sparks | Dec 5, 2025 | News
A brief gaze into 2026 As the year draws to a close, uncertainty around the long-term global economic outlook remains elevated. Equity markets have been driven largely by momentum for nearly a year, yet the true anchors underpinning this rally are still far from...
by John Sparks | Nov 4, 2025 | News
The US, at a glance As we head into November, it is worth considering the impact of two key developments, namely 1) the US-China trade truce, and 2) the latest Fed rate cut. 1. A US-China trade truce The United States and China have agreed to pause their trade dispute...
by John Sparks | Oct 3, 2025 | News
The US economy: A cold hard look Following the government shutdown on Wednesday, and the start of a new Federal Reserve rate-cutting cycle, the US equity market finds itself at a crossroads. On one hand, there is valid context for the need of monetary easing. The...
by John Sparks | Sep 5, 2025 | News
The Jackson Hole reprieve The outcome of Jackson Hole provided welcome relief for US investors, as Fed Chair Jerome Powell signalled his most dovish stance to date, and the probability of a September rate cut now rising to 85%. The VIX has remained relatively subdued...