Technical Perspectives

Technical Perspectives

Technical Perspectives John Leiper – Chief Investment Officer – 14th September 2020 In last week’s blog we discussed the ‘Nasdaq whale’, Softbank, and the role it played, alongside an army of retail investors, driving tech prices ever higher prior to the...
The Powell Pivot 2.0

The Powell Pivot 2.0

The Powell Pivot 2.0 John Leiper – Head of Portfolio Management – 29th May 2020 In January 2019 Jerome Powell pivoted from a policy of interest rate increases and balance sheet cuts to interest rate cuts and, later that year, balance sheet expansion....
Don’t Fight The Fed

Don’t Fight The Fed

Don’t Fight The Fed John Leiper – Head of Portfolio Management – 26th May 2020 Over the last decade, the Fed has increasingly resorted to unconventional monetary policy, such as quantitative easing, or QE, to stimulate the economy. In short, QE is where...
Economy ≠ Markets

Economy ≠ Markets

Economy ≠ Markets John Leiper – Head of Portfolio Management – 7th May 2020 One question I get from advisers and clients, more than any other, is why global equity markets have bounced back so far. Why have we not seen a continuation of the sell-off? It is...
From Liquidity To Solvency

From Liquidity To Solvency

From Liquidity To Solvency John Leiper – Head of Portfolio Management – 1st May 2020 In the early stages of the Corona Crisis of 2020, the global economy faced a liquidity crisis. In a liquidity crisis, companies cannot access the cash, or credit, needed...