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A concise overview of global markets every week. Coverage includes macro drivers, currency shifts, bond and equity sentiment.
Deep-dive analysis into long term trends, investment themes, and portfolio strategy curated by TAM’s research team.
Inflation shows signs of peaking, fueling a surge in gold as investors seek safe havens. At the same time, rising expectations of a Fed rate cut add momentum to shifting market dynamics.
Political instability, trade tensions, and lower bond yields create a complex environment for investors, acting as both a headwind and a potential support for markets.
Solid business activity, however, helps stabilize European markets by providing a counteracting force to these various uncertainties.
Global financial markets navigate a precarious balance between growth and risk, with factors like inflation and geopolitical tensions creating an unstable tightrope.
Investors and institutions must carefully move forward, as any misstep could lead to significant market volatility.
European corporate earnings show resilience, led by finance and healthcare sectors, despite pressures from tariffs and a strong euro. The BoE's surprise rate cut and easing geopolitical tensions offer some market relief, yet trade-related uncertainty persists due to new U.S. tariffs.
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Markets welcomed a partial EU–US trade deal, avoiding a full-blown trade war, though a 15% tariff on key EU exports remains. AI optimism and strong US tech earnings—especially from the "Magnificent Seven"—continue to drive market performance despite broader economic disparities. Attention now shifts to China...
Positive corporate profit reports are easing concerns about rising inflation, suggesting companies can manage higher costs.
This has shifted investor focus to the fundamental strength of businesses, boosting market confidence.
Last week showed how markets grow numb to constant threats—what once sparked panic now gets little reaction.
The media even dubbed this desensitisation the "TACO Trade"—Trump Always Chickens Out.
The trade outlook remains murky as the US tariff pause expires on 9 July.
The US is back in hardball mode, but markets seem numb to Trump’s threats and reversals as stocks keep pushing to record highs.
This was a week when everything could’ve gone wrong—but didn’t. Quite the opposite.
Israel and Iran agreed to a ceasefire (for now), oil prices fell—easing inflation concerns—and US economic data continues to soften just enough to make rate cuts more likely, without sparking recession fears....
Markets were jolted early Monday after U.S. strikes on Iranian nuclear targets sparked fears of supply disruption.
Tensions between Iran, Israel, and now the US have escalated, driving oil price volatility and market uncertainty.
We explore the military developments, inflation risks, and what they mean for interest rates, investor sentiment, and portfolio positioning.
Markets entered the week hoping for calm and got just enough of it—until oil surged late Friday on renewed Middle East tensions.
The largest tax cut in American history—delivered a major plot twist, reigniting concerns over deficits and a ballooning national debt. It also triggered a public fallout between Trump and Elon Musk, playing out in true Jerry Springer Show fashion across social media
US equities remain a source of debate, with high valuations and concentration risk raising concern.
Yet strong consumer spending, AI-driven innovation, and passive inflows continue to support the market. We explore the risks, the resilience, and where value may still lie.
There’s no shortage of potential problems—but none have fully materialised.
It’s a timely reminder that, amid all the angst, the biggest risk for investors is often being out of the market.
Despite the mantra “never trade on politics”, markets continue to act in haste.
Our focus on mitigating volatility remains valid—but just as important is staying alert to behavioural traps. In times like this, clear communication with clients goes a long way.
Whilst recent moves by the US administration have unsettled markets, a tentative de-escalation in US/China relations offers some relief.
In this note, our investment team explores what these developments mean for investors, how different regions are responding, and how we are positioning in light of both near-term risks ...
The latest market rally can only be described as relief exuberance.
The word on the street is still “Trump crashed the markets”—but has he? Global equities have quietly risen in 17 of the last 19 sessions
Markets have been behaving like a swan in recent weeks—calm on the surface, but paddling furiously underneath.
Reports that US and Chinese officials were meeting in Switzerland for trade discussions helped lift market sentiment, as investors hoped for tariff de-escalation.
Encouraging news on trade—including a softening in auto tariffs and China waiving its 125% tariffs on some US products—markets were buoyed by strong earnings from Microsoft and Meta.
Yesterday, Spain experienced the worst power blackout in its recent history.
we want to reassure our clients that investments remain unaffected and operations at TAM continued as normal.
Trump wants lower rates and continues to put pressure on Fed Chair Jerome Powell—calling him “Mr. Too Late”
The Trump roller coaster that began on ‘Liberation Day’ saw the S&P 500 rally 5.7% last week—including a nearly 10% surge on Wednesday—after Trump announced a 90-day pause on tariffs and reduced levies for many countries.
The financial world is always shifting, with new developments influencing markets and economies. Here’s our take on some of this week’s noteworthy financial news.
Markets have witnessed the highest volatility since covid and the financial crisis of 2008.
In this timely note we discuss having a, and importantly implementing, a long-term plan is vital for investment success and how making panicked decision should be avoided.
Trump’s unexpected tariff announcement sent markets reeling and raised serious concerns about global growth.
Read TAM Europe’s latest insights on the implications and what it could mean for investors.
Trump’s sweeping new tariffs have reignited global trade tensions.
Learn how TAM is positioning portfolios defensively while preparing to capture future opportunities.
The U.S. economy added 228,000 jobs in March 2025, far surpassing expectations and highlighting the ongoing resilience of the labour market
Following a volatile start to 2025, many investors are questioning what recent market movements mean for their portfolios. In this latest insight, Phil Hadley explores what’s driving the turbulence, why this is not a time to panic, and how TAM portfolios built around active management and true diversification are holding up well ...
UK CPI dropped to 2.8% in February, the lowest since 2021, raising expectations for rate cuts later this year.