US stocks lost ground and are performing poorly YtD, especially compared to stocks in the UK, Europe and Japan, all of which closed at record highs on Friday. US Treasuries suddenly have a safe haven bid, with the yield on the 10y finally dropping below 4%. Gold remains strongly bid, Bitcoin remains largely without a bid.

It was a relatively quiet week with holidays right in the middle of the week for many countries. Equities were better, yields were higher.

A confluence of economic data, punctuated by a speech by Fed Chair Powell on Friday in Jackson Hole, suggests rate cuts are coming soon.

It was an "everything up" week, with global equities, US Treasuries, corporate bonds and gold all registering gains. Happy summer!

We ended the year very much along the themes that drove 4Q23. Equities and government bonds were better bid across the board. 2024??

Seven months into the year, many of my Y/E forecasts for indices and other assets look like they will be wrong. I am in good company!

Stock and bond investors party hard, with equities ripping and US Treasury yields dropping sharply. A benign June CPI report was key driver

Mixed data week but generally suggesting resilient US jobs market. Fed and ECB hike, Apple delivers the goods. Equities slightly weaker.

It was a holiday shortened, rather lacklustre week in markets. Good that 2022 is over. FY returns were poor across equities and bonds.