Arguably the biggest upside surprises came in the UK, where growth in recent
months has been broadly flat, confounding virtually all the official forecasts of an extended recession

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The Yuan has been under pressure this year, down 5.2% in Q2 and 7.6% YTD, as the Chinese economic recovery following the end of Covid restrictions faded

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The extraordinary success of ChatGPT
following its launch in November 2022 is
leading to a surge in demand for high end
processors to power AI applications

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The apparent calm masked troubling
turbulence for markets below the
surface

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AI primarily serves as a supporting function intended to complement our existing strategic/tactical asset allocation and portfolio construction processes rather than replacing it

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As the fashion industry continues to adapt to the climate emergency, it is clear that investors and consumers have
a significant role to play in bringing sustainable fashion brands to the
fore

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If we are close to peak rates, as many economists are suggesting, then
history would suggest cash should be
usurped from its throne

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There is light at the end of the tunnel, with growing belief that we have seen “peak reates”

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