NEWS

A modern version of an old story.

— Mar 22, 2023
Bank runs are almost as old as banking. But familiarity does not make them any more comfortable when they happen. The failure of Silicon Valley Bank, the distressed sale of Credit Suisse and turbulence in the wider financial system had left markets on edge and rekindled memories of 2007 to 2009. ...

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FEBRUARY 2023 MARKET UPDATE

— Feb 20, 2023
The Inflation peak is in. But that doesn’t mean rate hikes are done. Last summer’s British heat wave was an excellent example of what behavioural economists tend to call recency bias, or the tendency of people to over fix on recent experience. After a few days of temperatures rising about 30...

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JANUARY 2023 MARKET UPDATE

— Jan 19, 2023
JANUARY 2023 MARKET UPDATE The FTSE100, a good measure of UK equities, was essentially flat over the course of 2022 which suggests a measure of calm. History books will be unlikely to concur with that assessment of the year.  Last year we saw the Russian invasion of Ukraine - the largest...

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SEPTEMBER 2022 MARKET UPDATE

— Sep 25, 2022
SEPTEMBER 2022 MARKET UPDATE We finished our July Integra piece on a sombre outlook: “Over the coming months and possibly years we must be more defensive, focusing on protecting our clients wealth and keeping the virtues of resilience foremost in mind.” Not much revision is needed to this...

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