News Letter

Bedrock’s Newsletter for Friday 26th May 2023

Friday 26th May 2023 Much has happened in the last two weeks – even if a quick scan of the market screens may suggest otherwise. In truth, it has been more a case of developments of things to come, remaining somewhat subterranean and not erupting into the open as fully formed outcomes – yet. ...

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Bedrock’s Newsletter for Friday 12th May 2023

Friday 12th May 2023 Despite the uncertainty that gripped markets in March following the collapse of SVB and the emergency acquisition of Credit Suisse, volatility in bonds and equity fell back in April and asset prices were largely range-bound through month-end. Indeed, by the start of May, the ...

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Bedrock’s Newsletter for Friday 28th April 2023

Friday 28th April 2023 Two competing impulses have fought to set the tone for markets in the last week or so. On the one hand, renewed fears about fragility in parts of the US banking sector have dragged on sentiment and stocks. But gaining the upper hand as this week progressed has been a more [...

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Bedrock’s Newsletter for Friday 14th April 2023

Friday 14th April 2023 Having experienced substantial volatility in mid-March following the failure of Silicon Valley Bank (‘SVB’) and the emergency acquisition of Credit Suisse by UBS, markets have since stabilised; indeed, a broad rally has taken place across equities, credit, rates, and comm...

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Bedrock’s Newsletter for Friday 31st March 2023

Friday 31st March 2023 After a storm-tossed few weeks in the markets, this week the winds finally flagged, the seething waves fell back and a new calm set in. Indeed, on Wednesday a fair breeze began to fill investors’ sails, lifting risk-on sectors to a gentle clip (the NASDAQ was up +1.9% ove...

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Bedrock’s Newsletter for Friday 17th March 2023

Friday 17th March 2023 Since the release of our last newsletter, financial markets have been bludgeoned by a confusing mix of still-solid US labour market and inflation data, unexpectedly hawkish comments from Fed Chair Jerome Powell, and the sudden collapse of Silicon Valley Bank (‘SVB’), the ...

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Bedrock’s Newsletter for Friday 3rd March 2023

Friday 3rd March 2023 In the real world, January is generally the grimmer month – redolent of dark skies, fraying resolutions, and Blue Monday – whereas things can start to look up in February as the first signs of spring begin to show. Not so in markets, where this year the opposite has been...

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