We have had a long enough period of extended volatility now that some of the more extended positions in risk assets have been reduced so that is also a positive.

Michael Metcalfe

Categorized in : Top News

The market has gotten perhaps ahead of itself in quite confidently pricing in (U.S) interest rate cuts, powell was quite dismissive of the latest downturn in inflation... which I think has caused the market to reassess that a little bit.

Michael Metcalfe

The economic impact would occur over months and years, not immediately. But financial markets are constantly trying to look forward and discount what's going to happen, but I think the real question will become political - that a large country has decided to leave the EU.

Michael Metcalfe

We shouldn't get carried away by being overly bearish right now. Sentiment has deteriorated but nothing has really changed in the last few weeks. Fundamentals are OK and expectations are already low.

Michael Metcalfe

We have to be careful here but I'd be surprised if in two or three months' time we're still as bearish as this.

Michael Metcalfe