Market Updates

NOTE FROM THE CIO 30.08.2022

By Pau Morilla Giner | 01 Sep, 2022

The first six months of 2022 were particularly challenging for investors: central banks became increasingly determined to rein in inflation at a time when several factors (including Ukraine conflict) kept pushing up inflationary pressures.

As a result, US Stocks and global bonds had the worst start to a year in more than 50 years (between the start of year and mid-June the S&P500 Index was down 23%).

Since then, a partial recovery took place: US 10-year bond yields hovered around/just below 3% all summer (vs 3.5% in mid-June), and S&P500 is now down 15% YTD. Sector-wise, performance has reversed what we saw in the sell-off earlier in the year, with tech and consumer discretionary sectors faring the best.

Read the whole piece here.

To get in contact with London & Capital, please give us a call on +44 (0) 207 396 3388 or click here.

To receive more related content subscribe here.