17 Oct 2018 3 min read

Driving Miss S&P

By John Roe

What’s been driving the recent mishap in US equities?



The last three years have been unusually stable; we need to get used to more frequent equity drawdowns as global liquidity is withdrawn. To decide how to react each time, it's important to assess the drivers and whether it’s the beginning of something more sinister or a buying opportunity. Here’s an example of how we do that in practice and why we see US inflation as a key risk for global markets.


John Roe

Head of Multi-Asset Funds

With failed football dreams behind him, John applies the same level of enthusiasm to investing and how to improve outcomes by battling behavioural biases. He leads on oil research, but also gets involved in a wide range of macro topics. That love of variety also explains his craft beer fascination. Hard to shut up, he’s a regular guest on Bloomberg, a conference speaker and an LGIM Director. His analytical thinking benefits from being an Actuary with an economics degree and having previously worked as a strategist at RBS.

John Roe