Market Commentaries are a collection of monthly comments and analysis of the bond and equity markets and includes a summary or overview of economic data being released, global market news, commodities, and market performance by index returns.

Market Commentary November 2021

Market Commentary November 2021

Guy Myles | 30 November 2021

Risk appetite turned sharply lower in November, with fears over the new “Omicron” variant of Covid-19 weighing on investor sentiment.The market reaction was shelter in government bonds and US dollar, while equities and high yield credit sold off. ...

Read More Market Commentary November 2021
Market Commentary October 2021

Market Commentary October 2021

Guy Myles | 31 October 2021

Global equity markets delivered strong gains in October, supported by another month of encouraging corporate earnings. In the US, more than 80% of companies beat consensus earnings expectations and all 11 sectors in the S&P 500 reported year-on-ye...

Read More Market Commentary October 2021
Market Commentary September 2021

Market Commentary September 2021

Guy Myles | 30 September 2021

Global equities generally fell during the month, with U.S. equities in particular performing poorly as the S&P 500 fell -2.7%.Equities faced headwinds from rising inflation readings and expectations of faster tapering by central banks, as well as ...

Read More Market Commentary September 2021
Market Commentary August 2021

Market Commentary August 2021

Guy Myles | 31 August 2021

Global equities rose during the month as risk sentiment remained robust, with U.S. equities performing well (S&P 500 +1.7% in sterling terms).Despite inflation surging at its fastest pace in nearly 13 years and rising concerns around the Delta var...

Read More Market Commentary August 2021
Market Commentary July 2021

Market Commentary July 2021

Guy Myles | 30 June 2021

Global equities rose during the month as risk sentiment remained robust, with U.S. equities performing well (S&P 500 +1.7% in sterling terms).Despite inflation surging at its fastest pace in nearly 13 years and rising concerns around the Delta var...

Read More Market Commentary July 2021
Market Commentary June 2021

Market Commentary June 2021

Guy Myles | 30 June 2021

As we move into the second half of 2021, the narrative driving markets has been one of successful vaccine programmes allowing the re-opening of economies, which in turn will drive economic growth and inflation higher.The beneficiaries have been, a...

Read More Market Commentary June 2021
Market Commentary May 2021

Market Commentary May 2021

Guy Myles | 31 May 2021

Global equities rose during the month in local currency terms as risk sentiment remained robust. However in Sterling terms, most overseas equity markets lost money due to the strength of the pound.The vaccination programs continued to gain steam a...

Read More Market Commentary May 2021
Market Commentary April 2021

Market Commentary April 2021

Guy Myles | 30 April 2021

Global equities continued to rise in April, returning 4.3%, and the developed world looks well on the path to post-Covid 19 recovery.Vaccine rollouts in the US and UK have continued to proceed well, with 44% and 51% of their respective populations...

Read More Market Commentary April 2021
Market Commentary March 2021

Market Commentary March 2021

Guy Myles | 31 March 2021

Global equities rose over the month as markets continued to react positively to expectations of higher growth and inflation.In the US, strong jobs and consumer sentiment data painted an improved picture for an economy that will be further bolstere...

Read More Market Commentary March 2021
Market Commentary February 2021

Market Commentary February 2021

Guy Myles | 28 February 2021

The rapid vaccination rollout continued to be a positive catalyst for markets in February.Global equity markets rose 2.7%, while UK equities ended the month up 1.8%. However, the strong pound held back returns of overseas assets and in sterling te...

Read More Market Commentary February 2021
Market Commentary January 2021

Market Commentary January 2021

Guy Myles | 31 January 2021

January saw divergent performance for equities, with developed market stocks ending the month lower while emerging market shares posted positive returns.Initially, markets continued the rally from Q4 2020, buoyed by global vaccine roll outs and th...

Read More Market Commentary January 2021
Model Portfolio Review 2020

Model Portfolio Review 2020

Guy Myles | 31 December 2020

2020 has been a year marked by a viral pandemic, the UK’s departure from the European Union, a tightly contested election in the United States and the worst global recession since WWII. Lockdowns have transformed the way we work and do business; r...

Read More Model Portfolio Review 2020
Market Commentary November 2020

Market Commentary November 2020

Guy Myles | 30 November 2020

News of three vaccines all showing good efficacy against the COVID virus sparked an impressive market rally in November.The announcements came on three successive Mondays from first Pfizer/BioNTech, then Moderna and finally AstraZeneca/Oxford and ...

Read More Market Commentary November 2020
Market Commentary October 2020

Market Commentary October 2020

Guy Myles | 31 October 2020

Equity markets moved lower in October as a resurgence of COVID-19 in Europe and the uncertainty surrounding the US elections spooked investors. The FTSE All Share fell 3.8% in the month, while the S&P 500 was down 2.8% and MSCI Europe ex UK off 5....

Read More Market Commentary October 2020
Market Commentary September 2020

Market Commentary September 2020

Guy Myles | 30 September 2020

After a summer of buoyant equity and fixed income markets, the investment tone was more subdued in September, with both the FTSE and S&P 500 recording losses in the month.Drivers of investor sentiment in the month included rising COVID-19 cases, l...

Read More Market Commentary September 2020
Market Commentary August 2020

Market Commentary August 2020

Guy Myles | 30 August 2020

August proved to be another exceptionally strong month for risk assets. Equities registered almost daily gains in the month and brought global stock indices back to their all-time highs. As has been the case since the March lows, a combination of ...

Read More Market Commentary August 2020
Market Commentary July 2020

Market Commentary July 2020

Guy Myles | 30 July 2020

Financial markets endured another choppy month with steep declines recorded by sections of the UK equity market, while emerging market stocks made decent gains. As has been the case for the majority of 2020, COVID-19 dominated newsflow; the pace o...

Read More Market Commentary July 2020
Market Commentary June 2020

Market Commentary June 2020

Guy Myles | 30 June 2020

As we close out the second quarter of a turbulent 2020, the resilience of the financial markets has surprised many investors in the second quarter and June proved to be another month which rewarded risk taking.Equities rose across the emerging and...

Read More Market Commentary June 2020
Market Commentary May 2020

Market Commentary May 2020

Guy Myles | 31 May 2020

May was another good month for risk assets as the COVID-19 infection rate fell across most of the developed world.Economic activity over the past month suggests that the second quarter will be worse than the first but investors are looking ahead t...

Read More Market Commentary May 2020
Market Commentary April 2020

Market Commentary April 2020

Guy Myles | 30 April 2020

After the severe falls across risk assets in March, markets rebounded strongly in April. COVID-19 continued to spread across the world, and revenues generated by businesses across large swathes of the economy plummeted to zero as governments enfor...

Read More Market Commentary April 2020
Market Commentary March 2020

Market Commentary March 2020

Guy Myles | 19 March 2020

Before we attempt to summarise our thoughts for March, we would like to send our hopes that you and your families are safe in this difficult time. As the COVID-19 death toll rises around the world, it puts our work at Flying Colours in perspective...

Read More Market Commentary March 2020
Market Commentary February 2020

Market Commentary February 2020

Guy Myles | 11 February 2020

After a buoyant start to the year, January saw the outbreak of the coronavirus, originatingin Wuhan, China and a pronounced turn in investor sentiment in the second half of the month.As we are still in the early stages of the outbreak, it is hard ...

Read More Market Commentary February 2020
Market Commentary January 2020

Market Commentary January 2020

Guy Myles | 7 January 2020

There were strong returns from all equity markets in December, marking an exceptional year for risk assets. There was a sharp rotation away from US equities and into emerging markets, with the MSCI EM index rising 7.5% and EM debt also rallying.Wi...

Read More Market Commentary January 2020

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