Market Update with Rob Hogg
A market update with Robb Hogg, Chief Investment Officer of SG Hiscock & Company Limited. This article delves into the key market movements, investor sentiments, and economic indicators that defined July, offering a comprehensive overview of how these factors shaped expectations for future monetary policies. View this email in your browser A month of heightened expectations. July was a month of “rotation” in equity markets, weaker commodity prices, and further easing in global inflation pressures. This shifting dynamic resulted in rising hopes across the globe for policy rate reductions. Over the month, global equity market performances were generally positive (notably except for the US NASDAQ), and market interest rates declined with falls more pronounced for shorter-dated securities (2 year bonds) than for longer term bonds (10 and 30 year bonds) as hopes for monetary easing gathered pace. The Australian dollar (AUD) slipped slightly against the US dollar. Key market movements over the month were as follows: • S&P/ASX300 Accumulation [...]
