Earnings Momentum- light at the end of the tunnel?

The last few years have been a triumph of hope over reality for expected earnings growth as forecasts have tended to wither over each year. For example over the last six months FTSE 350 forecasts have in aggregate subsided by around 5%. However there are signs that this trend is now reversing. This note examines the outlook for earnings in 2016 and 2017 and tries to anticipate where the risk to consensus forecasts lies, either on the upside or downside.
Please contact us for a copy of this note.

Who will buy equities?

This note looks at where the marginal net buying for equities may come from. We explore the changing nature of equity ownership and how this might impact volatility. We look at the impact of the collapse in commodity prices has had on sovereign wealth funds and conclude that a material risk to markets, for the West at least, comes from very poor fund flows. We are probably more optimistic on the Western economic outlook than consensus, but it is not obvious where the net new buyers come from. Please contact us for a copy.

Walbrook Economics debates with Vicky Pryce

Walbrook was delighted for the opportunity to debate against the economist Vicky Price. We took the stance that major imbalances still existed and that Public Sector Austerity was more in imagination that reality. We argued that public finances needed to be restored to enable a vibrant private sector based on lower taxes and stability. We contrasted the Irish and Greek economic experiences and highlighted the dangers of deficit funding.

Walbrook Economics - talks to Wellington College

We were delighted to present our views on UK economic and monetary policy to lively and well informed A level students at Wellington College, Berkshire, for an IEA Conference. We looked at a number of themes including 'austerity' and' the North South divide.'

Market turbulence- where is income?

Markets have been troubled by numerous factors, from negative bond yields, perceived deflationary risk, Chinese slowdown, geo-political risk to name but a few, over the last couple of months. This note tries to look through those issues and ascertain where underlying value may result from the recent sharp sell-off.