small caps. BIG OPPORTUNITIES?

POLITICS OF OIL

COVID-19: THE PIN THAT POPPED THE BUBBLE

DID YOU KNOW? OPEC

The pin that popped the bubble

Global equity markets delivered the best calendar-year return of the decade in 2019. Many markets were at or near all-time highs. In this podcast, Nick Curtin talks to Foord Singapore portfolio manager Brian Arcese about the market’s dramatic fall from grace. And how Foord’s funds remain conservatively positioned, balanced and not reliant on one outcome.

Weathering the COVID-19 market rout

It is already old news that global equity markets fell precipitously in March on expectations that the COVID-19 pandemic would trigger a global recession. The S&P 500 Index in the US recorded its fastest-ever bear market correction, falling 20% in just 20 days. Industrial commodities and oil were casualties as the Russia-Saudi Arabian oil price war added to the panic.

SAA. STRIKES AND LOOMING JUNK STATUS – WHY IT MAY NOT BE AS BAD AS IT SOUNDS.

Dave Foord talks beyond the shock of the downgrade.

Current Market Volatility and Implications for Foord Investors

Panic reverberated across world markets on Monday, 9 March, fuelled by the spread outside of China of the Covid-19 virus, and the slump in oil prices following the all-out oil price war between Saudi Arabia and Russia. The oil price (Brent Crude) had already slumped from $69/bbl to $50/bbl before the surprise OPEC disagreement which saw it cratering to a low of $32/bbl, before bouncing back to $37 on 10 March.

Markets in a Nutshell - COVID-19

Growing fears of a global COVID-19 pandemic dominated markets in February as partial quarantines and severe travel and supply-chain disruptions sapped world growth expectations. Global equities (-8.4% in US dollars) fell precipitously, with the S&P 500 posting its largest single-day decline since 2011. Developed market bond yields fell and the US 10-year yield plumbed an all-time low as investors piled into safe-haven assets.

MARKETS IN A NUTSHELL