At the start of 2018 we identified the concerns that eventually weighed on equity markets, but we hadn’t anticipated the big drop in valuations that would follow.

Something has been creeping into our minds over the past few years: in everything from technology, politics and risk to the dynamics of interest rates, the models of yesterday appear to be breaking down.

It looks like much of the nitty-gritty on trade in services, financial services regulation and fishing will be worked out during the transition period.

The final votes are still being counted but it’s clear that the Democrats have won control of the House while the Republicans have extended their majority in the Senate.

Rathbones today releases its “Brexit Decision Tree”. Rathbones’ head of asset allocation research, Ed Smith, believes that stopping at “we don’t know” is actually a missed opportunity.

Uncharacteristically, the Chancellor delivered a Budget that took the savings accrued from the better than expected revenues of the last two years and reallocated them to future spending.

As market sentiment hits new lows, Rathbones’ David Coombs discusses why he welcomes the recent volatility and continues to back equities.

Rathbone Unit Trust Management Ltd confirms that the Rathbone Recovery Fund has been renamed to the Rathbone UK Opportunities Fund.

This note is to inform you of a proposed merger of the net assets of the Rathbone Blue Chip Income and Growth Fund into the Rathbone Income Fund.