Market Review – August 2024
After a dramatic selloff in global markets at the beginning of the month, driven by fears surrounding the U.S. economy, markets have largely stabilized. Major U.S. indexes have reclaimed their lost ground and recorded their best two-week performance of the year. The Nasdaq surged by 8.13%, while the S&P 500 rose by 7.8% from its […]
Market Review – July 2024
For the month, the small-cap Russell 2000 index has produced returns of over 10%, outperforming both the S&P 500 and Nasdaq indices. The S&P 500 is reporting a mixed bag of results for the second quarter of 2024. Despite this mixed picture, the index constituents are reporting higher earnings for the second quarter, achieving their […]
Market Review – June 2024
The US indices, both S&P 500 and Nasdaq broke their latest records last week, with returns of 3.7% and 5.8% for the month. Nvidia, being the artificial intelligence torchbearer, briefly took the spot as the world’s most valuable company as its market capital surpassed Microsoft’s. At the peak of its frenzy, it was more valuable […]
GSB are B Corp,™
GSB is thrilled to announce its achievement of Certified B Corporation,™ (B Corp,™) status, joining a global community of businesses dedicated to high social and environmental performance standards. This certification reflects GSB’s commitment to balancing profit with purpose and reinforces our dedication to addressing some of the world’s most pressing challenges through responsible business practices. […]
Market Review – May 2024
As we inch closer to completing the first half of 2024, the US economy continues to surprise to the upside, while stocks flirt with all-time highs. Wall Street’s three major indexes returned record gains this month with technology stocks taking the lead. The S&P 500 advanced 5% in May, and the Nasdaq Composite rallied approximately […]
Quarterly Market Update Q1 2024
Insights and analysis on global markets from GSB. In the first quarter of 2024, global financial markets experienced notable movements driven by economic resilience and technological advancements. The US stock market led the charge, with the S&P 500 rising over 10%, fuelled by optimism around artificial intelligence and robust economic indicators. Despite expectations of significant […]
When it rains, it pours
With Alison, the children, and I having moved back to the UK for a few months, the Spring weather of April showers has lived up to its name. That said, Dubai followed suit mid-month with a storm not seen for over 75 years, with some of the worst weather and flooding experienced in living memory. […]
Market Review – April 2024
US stocks got off to a weak start in the second quarter and posted losses of 2.6% and 2.4% on the S&P500 and Nasdaq composite indexes, with Meta’s earnings sending the magnificent seven constituent tumbling on weaker than anticipated revenue guidance. The Stoxx Europe 600 index missed the mark and recorded losses of 0.05% while […]
World Earth Day with a commitment to ESG investing
As we celebrate World Earth Day, GSB is proud to highlight our dedication to Environmental, Social, and Governance (ESG) investing. Our approach not only aligns with the growing trend towards responsible investment but also integrates with our core values of sustainability and our ethical business practices. The rise of the conscious consumer Recent data, including […]
Market Review – March 2024
The first quarter of 2024 has seen the global equity markets deliver their best opening quarter performance in 5 years (Steer, Clarfelt, Duguid, & Stacey, 2024), with the MSCI World index ending the quarter up 8.85%, turbocharged by the booming interest in artificial intelligence that has seen US equity indexes reach new all-time highs. This quarter […]