Yesterday, the Federal Reserve held interest rates steady at 4.25% to 4.50%, maintaining the level set in December. While unemployment remains low and labour markets strong, inflation

It is important to note a few things when faced with these sorts of headlines. First, markets have done very well up until recently

The past week has seen a sharp sell-off across equity markets, with several major markets recording their biggest daily losses since the early days of the pandemic.

We awoke to the news that the US had imposed wide ranging tariffs on countries and industries.

‘High yield’ is a distinct asset class that sits at the higher credit risk end of the bond market.

These are certainly interesting times to invest, with worrying and persistent headlines

Over the weekend, US President Donald Trump announced tariffs targeting the US’s closest trading partners.

On Monday, Nvidia experienced a sharp decline of 16.9%. The sell off happened on the back of news that the Chinese AI company DeepSeek has developed large-language models with significantly reduced reliance on AI chips. This news raises concerns about the scale of future demand.

This report draws on our independent fund research and in-depth insights into the financial services industry.

It is hard to think of another year, like 2024, when headlines were this heavy. Yet markets powered on to new highs. Equities, bonds, property and commodities all delivered strong returns.