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Coronavirus - Weekly update

Markets volatility narrows, but ongoing risks require continued diversification

The markets this week have pretty much done as many commentators expected.......please download our weekly update for more commentary.


3rd-april-2020-dwm-update-1.pdf 299KB

Coronavirus - Weekly update

Markets stay positive this week

Much to my own surprise this week, the markets have responded well to the early shoots of good news in connection with the rate at which COVID-19 is slowing.The infection data varies between countries and even the most informed find it difficult to make full sense of them.

Please download our weekly update for more commentary.

9th-april-2020-dwm-update-3.pdf 184KB

Coronavirus - Weekly update

Second wind

Like the incredible Captain Tom Moore, there have been some great performances this week.The amazing 99-year-old veteran who (so far) has raised in excess of £18m for the NHS, surpassed his modest target of £1,000 in next to no time. As a family, we personally made a small contribution towards his efforts and it was a welcome distraction.

Please download our weekly update for more commentary.

17th-april-2020-dwm-update-1.pdf 327KB

Coronavirus - Weekly update

Cautiously optimistic

Following a relatively benign week of market activity compared to recent weeks, another week of lockdown passes, we have clapped and cheered with the neighbours on Thursday and spent more money on our weekly shop, replacing essential comfort food and beverages.With mixed news, it would be relatively easy to believe the world is returning to how it was, and quickly with renewed hopes of a vaccine being available before the end of the year.

Please download our weekly update for more commentary.

24th-april-2020-dwm-update.pdf 147KB

Coronavirus - Weekly update

Boris bounces back

It has been another busy week in the news.Boris Johnson returned to office on Monday, he celebrated the birth of his son on Tuesday, and delivered his first update to the nation for over three weeks on Thursday.

His address to the nation provided further encouragement that we will be moving to the next phase of the lockdown, however, this will not be without ongoing compromises.One key comment that I picked up on was the use of data and technology.There is a common belief that we will need to track and monitor movement and the most likely way of doing so is through mobile technology.While this will be rejected by many as an infringement of their personal data, it does stand out as being one of the most efficient ways of monitoring, controlling and maintaining the lower, and widely used ‘R’ number.

Please download our weekly update for more commentary.

1st-may-2020-dwm-update.pdf 149KB

Coronavirus - Weekly update

Lock down or lock out

I have lost count this week with the amount of people who have passed on their interpretation of how the lock down will or will not be relaxed.Fellow members of my local golf club appear the most optimistic and I hope I can play the long overdue game with my son following his 16th birthday last weekend.

The awaited update has been strategically positioned for Sunday evening, with the current lock down continuing for at least until the end of the Bank Holiday weekend.There is unlikely to be a clear plan, trial and error will continue, enabling the government to tighten the reins beyond any relaxation, particularly if the data varies from current trends.

Please download our weekly update for more commentary.

7th-may-2020-dwm-update.pdf 150KB

Coronavirus - Weekly update

Fight against the virus has more rounds to come

The Markets retracted this week following continued optimism over the last two weeks.The UK FTSE 100, FTSE 250 and FTSE All Share Indices falling in unison, no different to many markets around the globe.

My concern last weekend was to try and reconcile whether global markets have become over optimistic, getting a little carried away which ordinarily means the faster they rise, the sharper they will correct again.It seems odd to feel somewhat relieved by this when we run a business that typically succeeds when our clients do and shares in the pain when markets falter.As investors, we hope for stability, a steady pace moving forward, predictability, avoiding unrealistic bursts of market performance that lead to periods of pause and panic.

Please download our weekly update for more commentary.

15th-may-2020-dwm-update.pdf 162KB

Coronavirus - Weekly update

Markets draw breath

It seems the markets ran out of steam today after a flurry of investor confidence over the last 6-9 days.

Today’s snap has been largely influenced by the US president, Donald Trump who is expected to respond today over China’s crackdown in civil liberties in Hong Kong, a key financial hub, and his foreign secretary has already warned that the US no longer considers Hong Kong to be autonomous from the Chinese mainland.A diversion from issues and tensions building closer to home surrounding the death of George Floyd in Police custody and the Coronavirus death toll surpassing 100,000.

Please download our weekly update for more commentary.

29th-may-2020-dwm-update.pdf 157KB

Coronavirus - Weekly update

Momentum pushes ahead of investment fundamentals

Further progress has been achieved by global markets and client portfolios this week.Our Active portfolios continue to claw back losses since the start of the year.The portfolios remain globally diversified, using a combination of asset classes which underpin our long standing belief that diversification is essential during a crisis.

Please download our weekly update for more commentary.

22nd-may-2020-dwm-update.pdf 275KB

Coronavirus - Weekly update

Markets improve and the journey continues

Our Active portfolios continue to weather the storm well when compared to both the FTSE 100 and All-Share Indices.The ongoing volatility in global markets continues, but this week has been much better compared to last week.This strengthens our view that going into cash at this stage of the pandemic, is likely to place investors at greater risk of missing the upside, as our chart below demonstrates for the month of March.

Please download our weekly update for more commentary.

27th-march-2020-dwm-update.pdf 375KB