September witnessed a fall in share prices as central banks raised interest rates. The risk remains that interest rates will rise too much and too fast for investors with large allocations. Bond yields in the US continued to rise, most likely due to AI boosting investors’ expectations of long-term GDP growth.  

Are we in a tug of war where earnings trump rates? This is one of the questions asked in our October Market Barometer. Each month our investment team provide a macro outlook into global investment markets. 

Each month our investment team provide a macro outlook into global investment markets.

Each month our investment team provide a macro outlook into global investment markets.

Each month our investment team provide a macro outlook into global investment markets.

Each month our investment team provide a macro outlook into global investment markets.

Each month our investment team provide a macro outlook into global investment markets.

Each month our investment team provide a macro outlook into global investment markets.

Each month our investment team provide a macro outlook into global investment markets.

Each month our investment team provide a macro outlook into global investment markets. This Christmas edition shares our '12 charts of Christmas'.