October 11, 2023
Dr Steve Garth

Quarterly Market Review for September 2023

For most of the quarter volatility stayed low and equity markets around the world defied interest rate increases and kept climbing upwards. But towards the end of the quarter it became apparent that inflation would remain sticky and any sign of rate cuts was being pushed out further into the future.

The outcome is that while it has been a strong 12-month return for markets the quarter has seen flat to slightly negative returns, as rising bond yields increase pressure on the economy and are causing market angst, while central banks reiterate that rates will stay “higher for longer”.

Quarterly Market Wrap Q4 2023

At the start of 2023 every market commentator and analyst seemed to be planning for the recession they were convinced was coming. Equities and bond yields would all tumble as the fastest interest rate increases in a generation would plunge the world into a recession.

January 30, 2024