Investments

CPI commentary – March 2026

Annual consumer inflation accelerated sharply to 4.0% in April, from 3.1% in March, marking the largest monthly jump in the headline rate in over a year.

Equity earnings are on the up, with emerging markets leading the way

Strong earnings growth has been the story behind equity returns over the past decade, and continues to underpin global markets today.

Cooperation, Competition and Conflict

The first formal treaty between the United States and China was signed in 1844 in rather unseemly circumstances.

Volatility Doesn’t Destroy Wealth - Behaviour Does