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MARKET TRADING UPDATE

6 June 2020

As the CORONAVIRUS led to lockdown and stock markets fell we were buyers of equities. We based this not on optimistic expectations of recovery but on our being able to diagnose panic in markets. One of the most profitable times to be buying is when people are selling irrespective of price.   In the last … Continue reading “MARKET TRADING UPDATE”

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SALIX Investment Commentary

4 April 2020

Here is our latest investment commentary for April 2020

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VIDEO LOG: CORONAVIRUS AND MARKET VOLATILITY

3 March 2020

Investment Managers Richard Farmiloe and Max Thowless-Reeves discuss the latest bear market, its causes beyond coronavirus, and what investors might expect.

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MARCH 2020 – SALIX Market Update

3 March 2020

Due to the current extraordinary market conditions, we have experienced huge volatility which have been extremely unpredictable. Follow the link to see our recent investment commentary for March and the coronavirus panic.

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SALIX update: Negative Yields & Coronavirus panic

3 March 2020

These are “fast markets”: prices of most assets are highly volatile. Risk assets (equity, property, industrial commodities) are down and “safe” assets (sovereign debt, gold) are up.  We always position our clients for resilience, and while we cannot avoid some “red ink” in portfolios we have seen their values cushioned by this. Yesterday we witnessed the first … Continue reading “SALIX update: Negative Yields & Coronavirus panic”

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SALIX Market update 9th March

3 March 2020

The escalation in coronavirus cases will continue to increase at pace and no one can forecast the eventual numbers. An economic slowdown is inevitable. However, policymakers have, and will continue to, cut interest rates and another phase of global QE looks likely.  Tumbling Oil prices will also act as a stimulus to consumers. The most … Continue reading “SALIX Market update 9th March”

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Our Views: Coronavirus

3 March 2020

CORONAVIRUS—FEBRUARY 2020 The big news story dominating the headlines over the past few weeks is the coronavirus outbreak. Inevitably this outbreak will affect global growth in the short term in two ways: an immediate fall in demand, as people are either quarantined or choose to stay at home; and the closure of shops and factories, … Continue reading “Our Views: Coronavirus”

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OCTOBER 2019 MARKET UPDATE

10 October 2019

So the 31st October Brexit deadline finally approaches. Investors will rightly ask: what do we believe may happen, and how are we positioned ahead of it? Well firstly, we should state the absolute difficulty around postulating any Brexit investment solution. The situation is so fluid, and investor reaction to a range of outcomes so unpredictable, … Continue reading “OCTOBER 2019 MARKET UPDATE”

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SEPTEMBER 2019 MARKET UPDATE

9 September 2019

Despite the recent evidence of softening in the US economy and continuing US v China trade tensions and tariffs, US equities have now pretty much returned to their previous highs. This is in sharp contrast to the rest of the world, where most stock markets remain well below their prior peaks. The argument being made … Continue reading “SEPTEMBER 2019 MARKET UPDATE”

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AUGUST 2019 MARKET UPDATE

8 August 2019

In our July update we highlighted the amount of bonds globally which are trading with negative yields (i.e. investors are prepared to accept a loss if held to repayment) and the dangers of holding such bonds long term. Since then the U.S./China trade dispute has escalated, with Trump threatening the imposition of further tariffs from … Continue reading “AUGUST 2019 MARKET UPDATE”