Martin Gilbert: Investors should hunker down and prepare for a long, cold winter

Avoiding freezing of US-China ties

clock • 3 min read

As the days get shorter and the weather gets colder, it is apparent that winter is coming, writes Martin Gilbert, co-chief executive of Aberdeen Standard Investments.

The same can also be said for financial markets. October was a chilling month for markets. The S&P 500, Euro Stoxx and FTSE 100 all finished down between 5%-6%, while the Chinese and Japanese stockmarkets lost around 7%. This is not merely a brief cold snap, but probably the start of a prolonged adjustment in market levels and valuations. Asset prices have been supported for almost a decade by supportive monetary policy including very low interest rates and quantitative easing (QE).  These supports are now being gradually removed with some concern, not least from US President Trump...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Global

Global dividends hit Q3 record high despite significant cuts

Global dividends hit Q3 record high despite significant cuts

Rising to $431.1bn

Beth Brearley
clock 21 November 2024 • 2 min read
Fund managers more bullish on global growth following Trump win

Fund managers more bullish on global growth following Trump win

BofA Global Fund Manager survey

Beth Brearley
clock 14 November 2024 • 1 min read
21st Federal Reserve vice-chair Richard Clarida on Trump, the US election and the 2% inflation target

21st Federal Reserve vice-chair Richard Clarida on Trump, the US election and the 2% inflation target

Q&A with Pimco's global economic adviser

Linus Uhlig
clock 05 November 2024 • 5 min read
Trustpilot