1. WHAT’S HAPPENING IN FINANCIAL MARKETS?
An ongoing battle between the bulls and bears – the optimists and pessimists in markets – continues this month.
On one side we have those feeling confident after markets recovered from a mid-March slump and maintained further momentum throughout April.
But others are more focused on persistent signs of a US recession this year that would impact markets worldwide.
At Coutts, as long-term investors with a rigorous, data-driven approach, they believe it’s best to remain cautious until the ‘winner’ of this battle emerges.
Sven Balzer, Head of Investment Strategy at Coutts, says, “While the equity rally is creating renewed optimism among some investors, deteriorating macroeconomic data, coupled with falling house prices and tighter lending standards, remain reasons to be cautious and patient.”
Coutts Crown Dependencies’ clients can find out more about what’s happening in the investment markets and how it impacts their investments by speaking to their private banker.