Brad is Nutmeg’s director of investment strategy. A veteran – 28 years at last count – in financial markets, he started his career as a professional economist at the Australian Reserve Bank. He now specialises in economic and financial market strategy within investment management. Brad studied post-graduate quantitative economics at the University of Queensland, Australia. Despite living in London for 20 years now as a naturalised British citizen, he’s still not quite ready to support England-v-Wallabies.
Government bond markets: Back to the future?
13 October 2022|9 min
Recent poor bond market performance has caught many by surprise; not least because bond-based investments are expected to have low long-term volatility. Here we explain how the events of 2022 came to be and lay out a framework for suggesting where government bond yields are likely to settle.
Making sense of the UK’s economic growth puzzle
26 September 2022|8 min
It’s fair to say that chancellor Kwasi Kwarteng’s mini-budget on 23rd September, with its tax-cutting and pro-growth agenda, has not been wholly welcomed by markets. The pound hit an all-time low against the dollar (at $1.03 on Monday 26th, its lowest since Britain went decimal in 1971), while bond markets have also slumped. So, what’s caused this angst, and how does this impact our investment strategy?
Inflation: What’s causing it, and why we think price pressures are temporary
21 July 2022|5 min
UK inflation has hit a fresh 40-year high, with the Consumer Price Index (CPI) reaching 9.4% in the 12 months to June. It’s time to remind ourselves of what’s causing these price rises and what could happen next.
Inflation – Temporary pain or a long-term concern?
25 February 2022|7 min
We’ve all read the stories; from food and energy bills to petrol and air fares, prices are going up. UK consumer price inflation (CPI) is at a 30-year high – as at 5.5% in the 12 months to January – and it’s been tough for us all. But, while near-term increases in the cost of living are never comfortable, we look beyond the headlines to understand whether inflation is here to stay, and what it tells us about the health of the economy.
What we do during market volatility
1 December 2021|4 min
A common question during turbulent market conditions is: “what can be done to protect our portfolios?” We have written on this extensively over the years and can offer three different perspectives: from markets; from our clients; and from Nutmeg’s investment team.
Three ways to weather the next economic storm
30 November 2021|3 min
Since the Covid pandemic first started to spread in early 2020, there’s understandably been much talk in the media around a prolonged economic crisis. When stark warnings like this surround us, our natural tendency can be to take fright and shelter our hard-earned wealth from the turbulence of the investment market.
Surfing the macro data flow: Our outlook for growth
17 November 2021|3 min
The global economy has had a wild ride during the past 18 months. Cycles are always exaggerated during shocks, and the remainder of 2021 will continue to surf the tail-end of what we would describe as a macro-data wave created by last-year’s shutdown. Still, with the gradual re-opening of businesses, both in the UK and the US, we expect growth to moderate to more sustainable rates.