Key Market Insights Market volatility returned in November, with corrections in crowded AI and technology names reinforcing the importance of balanced, multi-theme equity exposure. Diversification continued to prove its value, as shorter-duration bonds, alternatives and commodities helped stabilise returns when both equities and traditional bonds came under pressure. The UK Budget steadied its financial markets […]

This Quarterly Report is designed to support our valued advisers and clients.

This Quarterly Report is designed to support our valued advisers and clients.

In July 2025, markets were shaped by President Donald Trump’s “One Big Beautiful Bill,”. Debt markets stayed steady while equities rallied, pushing the S&P 500 to fresh highs.

June proved to be a remarkably composed month for financial markets which continued their recovery in the wake of US President Trump’s “Liberation Day” sell-off.

March continued the story of significant market turbulence, a feature of 2025 so far, as geopolitical and policy shifts, largely emanating from the US, drove a souring of sentiment and increased financial market volatility. In Washington, President Trump has continued to escalate trade tensions by drip-feeding announcements of new tariff plans. This haphazard approach has […]

The opening months of 2025 have underscored the transformational forces reshaping the global market trends of recent years. Hot on the heels of DeepSeek, a Chinese entrant to advanced AI models, February began with the announcement of yet another model, called S1, but this time developed by Stanford and Washington University researchers.  Designed to compete […]

This Quarterly Report is designed to support our valued advisers and clients. It contains: A market review and key insights Performance reviews for each T. Bailey fund Portfolio highlights Asset allocations Views on various asset classes Our outlook for the next quarter We hope you find this report helpful and informative. You can download here: […]

Donald Trump’s decisive victory in the US presidential election significantly influenced the news in November and provided a boost to the US equity market. Although the specific economic policies that will be implemented remain uncertain until after his inauguration in January 2025, campaign promises to impose tariffs have raised concerns about inflation and the potential […]

The US economy continues to exhibit notable resilience, particularly in terms of consumer spending. Many consumers and businesses secured low interest rates during the pandemic, with fixed-rate mortgages serving as a prominent example, thereby mitigating the impact of current higher interest rates. Fiscal policy has been expansive, with the United States running a 6% budget […]

Global equity markets achieved positive returns in aggregate for the month despite a significant downturn early on. Source: FE Analytics Numerous wide ranging factors contributed to market stress including: Berkshire Hathaway’s announcement that it had halved its Apple Inc. position, escalating tensions between Israel and Iran in the Middle East, comments from the Bank of […]

Downs and Up As inflation continued to subside in western developed economies, so the inevitable official interest rate cuts’ debate swelled.  More on that below.  China belatedly cut rates in an attempt to boost its ailing economy.  In contrast, the Bank of Japan finally grabbed the moment to raise interest rates. Breadth The publication of […]