Navigating the Futures
We explore how the world might respond to observable trends, such as advance in robotics and the retreat in globalization, and imagine four "Futures" that could determine the shape of portfolios to come.
Millennials – the global guardians of capital
In this report, we discuss why millennials matter, unpick some commonly held beliefs, and show how their habits will play a pivotal role in the way the world spends its private wealth.
Thought of the day
The end of the summer lull?
The S&P 500 dropped by 1.5% on 17 August, the worst one-day fall since 17 May’s 1.8% decline and the second-largest one-day drop since 9 November 2016. Reasons cited for the drop ranged from speculation that a top White House economic advisor would resign (swiftly denied), an earnings report from one US tech company, to terrorist attacks in Spain.
Morning audio comment
Look how much has changed [sarcasm]
The past two weeks have regrettably seen more terrorist atrocities, tensions with North Korea, a former US Vice President calling on US President Trump to resign, stronger-than-expected economic growth and weaker-than-expected inflation figures. Financial markets are essentially unmoved.
Gauging the threat North Korea poses to risk assets
Behind the “fire and fury” rhetoric, the reality is that the US is unlikely to tolerate North Korea developing intercontinental ballistic missiles (ICBMs) capable of hitting any of its territory. This means that rather than fade away, tension between the US and North Korea will likely continue rising until North Korea scales back its plans.
Global risk radar: Geopolitics in the Middle East
Tensions between Saudi Arabia and Iran have intensified as of late. We assess the risk of an oil supply shock in the Middle East.
CIO Note: Fed raises rates for the second time this year.
The Federal Reserve has raised rates by 25 basis points, taking its target range for interest rates to 1.00-1.25%. The move, the fourth hike since December 2015, was widely expected by markets. What does it mean for investors?
100 days of President Trump
The first 100 days of Donald Trump's presidency have shown that POTUS 45 is not like any other. What's next for investors? Watch the video.
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