Cazenove Charities - November 2024
Donald Trump has been elected 47th president of the US, and the Republican party has a good chance of winning control of both chambers of Congress. Stock markets have reacted positively, but rising inflation expectations and rising bond yields have the potential to dampen the mood.
THIS MONTH'S HIGHLIGHTS
Tom Montagu-Pollock, Adam Spring and Maisie Hobbs provide an update for the Charity Multi-Asset Fund.
Stock markets have reacted positively to Trump’s success in the US election. But rising bond yields around the world are a headwind for investors.
Despite technology stocks dominating returns in 2023, the market has now broadened out and investors could be missing out on other, overlooked opportunities.
In focus
Bond markets are concerned about the UK’s borrowing plans, while higher employment costs will be a drag on domestic earnings. This overshadowed the relatively good news for AIM investors.
Associate at The Uspire Group
2 周Jonathon Harries worth a read