Markets Comments December 2016
Saying Goodbye to 2016 We are about to close the book on 2016 and it is time to reflect on what has been a difficult year for global financial markets. We have seen our fair share of scary headlines and doomsday predictions, but the actual results for the year might surprise you. A Rocky Start 2016 kicked off with a bang. U.S. stock markets opened with their worst five-day start to a year, ever. The Dow dropped 6.2%, the S&P 500 fell 6%, and the Nasdaq dropped 7.3% in the fir
Pomona Wealth Special - A Short Assessment of The UK Ecomomy
Taking the opportunity of the recent UK autumn statement which is the first budget statement after the referendum to leave the EU. The forecasts stem mostly from the Office for Budget Responsibility and they were more pessimistic on the short to medium term prospects of the UK economy. Although the OBR only made modest adjustments, the earlier objectives of reaching fiscal balance and even a surplus and reduce government debt have been scrapped by the new government. The bigg
