Monthly Update: US market continues to rise

17 September 2018

By Sheldon MacDonald, co-fund Manager HC Verbatim Multi-Index Funds

Despite President Trump’s continued political issues the US was by far the best performing market in August.

Key to this performance is the underlying strength of the US economy and the continued positive earnings of US firms. Markets largely ignored the ongoing trade war as well as questions over Trump’s future. Trade war talk had more of an impact on emerging markets, which are expected to be hit worst if the US continues to raise tariffs on imported goods. The UK also suffered from further Brexit uncertainty.

Fixed income markets were fairly flat with no real market moving news. August did see an interest rate rise in the UK but this was widely expected and had a limited impact on markets. While there is likely to be a further increase in the US shortly we don’t expect the UK to follow their lead any time soon.


Verbatim Asset Management has taken due care and attention in preparing this document, which is solely for the use of professional advisers. Verbatim cannot be held responsible for any inaccuracies arising out of information detailed within and will not accept liability for any loss arising out of or in connection with its use.