As a result, most economists are now expecting


to see a recovery in activity over the second half of the year, followed by strong growth in 2021. Expectations are that economic growth in 2021 will be bolstered by low international interest rates alongside continued support from central banks and governments as the global economy returns to the new normal, creating a strong backdrop for risk assets in the medium to long term. It is now evident that although markets are expecting a recession and volatility in the short term as we move into the new market cycle, they are pricing in a recovery in the medium term as the major risks abate. On this basis, we are becoming increasingly bullish on equities. On reflection, conditions during the first half of the year have been extremely challenging for


investors, however moving forward we are encouraged by positive news flow on the return of economic activity in key economies, alongside an improving health situation as the virus comes under control. Of course, there is the risk of a second wave, however we are encouraged by efforts within China to quickly stamp out a second cluster of infections, and the use of track and trace systems in coun- tries across the world to maintain control over the virus. At OCM, our investors have benefitted from the implementation of a capital preservation strategy during the first week of March, before returning to markets in the first week of April, allowing us to reduce exposure to market volatility and excessive decline over the period. Against this backdrop, and with the previous market cycle finally coming to an end, looking ahead to the second half of the year and beyond, we are optimistic on the outlook and subsequently returns for our clients moving forward.


Contact OCM Wealth Management on 01604 621467 or visit www.ocmwealthmanagement.co.uk


ALL THINGS BUSINESS


35


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88  |  Page 89  |  Page 90  |  Page 91  |  Page 92