“Global Financial Markets: Momentum, Risks and Outlook”, Ron William, RW Advisory

The IRF Podcast

David Osman of IRF is joined by Ron William, the Founder of RW Advisory.

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Ron William is a market strategist with over 20 years of experience producing macro research and trading strategies for leading economic research and institutional firms.

In this podcast Ron reviews the performance of the global financial markets in the first half of 2024 and discusses the outlook for the second half of this year. In the currency markets, he explains that the dollar’s trade-weighted index is at a critical level and discusses some of the key risk factors. With respect to the outlook for US and UK interest rates and bond yields, Ron’s cyclical analysis points to a prolonged period of ‘higher-for-longer’ rolling volatility, which will rhyme with the pattern in the 1970s. In addition, he points out that the US stock market has shown signs of irrational exuberance and in the near term is vulnerable to “a triple whammy of headwinds”. In the UK, the FTSE 100 Index is seen as being rangebound between 8100 – 8300 with upside potential, but perhaps more so for the FTSE 250 Index. Other markets that look particularly interesting include China and Japan. Ron also identifies some of his preferred opportunities in the commodity markets, including gold and silver.

RW Advisory specialises in blended, top-down, semi-discretionary analysis, driven by cycles and by proprietary timing models, which use both quantitative and qualitative techniques. Ron uses the latest techniques in behavioural/risk assessment modelling, peak-performance, neuro/body science and stress response management, including mindfulness and coherence training, supported by his market strategies.