A look at aggregate equity indices reveals the second quarter was, as they say, unexceptional. Though public markets have offered relatively meager returns in 2018, still waters often run deep, as three significant developments took place beneath the surface in Q2. CEO Adrian Cronje, Ph.D., CFA, examines these developments, as well as the greatest risk to markets in the months ahead: potential monetary and trade policy mistakes.
Last year we finally saw signs of abatement in the “wall of worry” upon which this bull market was built. However, a shift from skepticism to optimism typically marks the transition from the end of the beginning of a bull market to the beginning of the end. What does that mean for our current bull market?
Despite heightened political dysfunction and geopolitical tensions, 2017 was an incredible year for global stock markets. Balentine Chief Investment Officer Adrian Cronje, Ph.D., CFA, reviews some of the highlights of 2017 and explains what we should expect to see during the remainder of 2018. Spoiler alert: It’s likely to be a bumpy ride!
Global stock markets posted strong gains during the third quarter, which is often a seasonally weak period for risk assets. During a steady onslaught of new record highs for this bull market, the emotional temptation to sell and take profits has become ever more pronounced.
Keep calm and carry on. This is the message investors are sending after stock markets posted strong gains for the first six months of the year.
April 18, 2017 — Global economic growth may be trending upward, but don’t lose track of these seven heightened geopolitical risks that can generate both risks and opportunities for investors.
Given 2016’s sharp turns in both the ﬁnancial markets and the political cycle, we believe the world is on the cusp of some important transitions.
The previous year was rife with global political surprises, as politics are now increasingly a place for the “have nots” to wage war on the “haves.”
After what occurred in 2016, many forecasters are probably considering a new profession.
The second quarter of 2016 ended with a bang, as the United Kingdom voted to leave (“Brexit”) the European Union on June 23. This marked the second time in six months that global stock markets experienced severe stress, following the worst January in recorded history.