WHERE THERE’S A WILL, THERE’S A WAY

FED RATE HIKES TAKE THEIR TOLL ON BANKS

FOORD FLEXIBLE FUND TURNS 15

DID YOU KNOW? 150 000 AND COUNTING

Foreword | Issue 65 | 1st Quarter 2023

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MARKETS IN A NUTSHELL - MARCH 2023

“Beware the ides of March,” said the soothsayer in Shakespeare’s Julius Caesar. Caesar would have done well to heed this warning: he was assassinated soon after in mid-March of 44 BCE. The ides of March 2023 deserved its own omen as the “no-landing” sentiment prevailing at the end of February gave way to no less than three US bank failures and the emergency rescue of Swiss banking icon, Credit Suisse.

MARKETS IN A NUTSHELL - MARCH 2023

In our monthly podcast, ‘Markets in a Nutshell’, Linda Eedes discusses what’s happened in global markets and economies over the past month, how we see things playing out and how Foord is positioned as a result.

MARKETS IN A NUTSHELL - FEBRUARY 2023

In early February, the US Federal Reserve announced its eighth interest rate hike this cycle. The smaller 25bps increase takes the federal funds rate to 4.75%. With headline inflation slowing, investors were quick to cheer an imminent peak of the interest rate cycle. There was early speculation that the Fed might after all pull off a soft economic landing — or even a fairy tale ‘no landing’.

MARKETS IN A NUTSHELL - FEBRUARY 2023

‘Markets in a nutshell’ is Foord Asset Management’s monthly overview of market movements.