It’s hard to believe we are almost half way through September, with Christmas 2021 fast approaching. Like all of you no doubt, we hope that the situation with COVID-19, and the lockdowns and restrictions on our freedoms and movement are but a memory by the time Santa comes to town in a few months, and that 2022 is a better year for us all.
In this week’s market update we look at some interesting economic data which serves as a real wake up call for those thinking that the global economy is surging right now.
We also look at some interesting statistics on global diamond production, which reinforces why it’s so important to specialise in pink diamonds when investing in this unique asset class.
A wake-up call!
Two data points that we came across last week highlighted how fragile the global economy remains, which has important implications for how to invest in the years ahead.
In the United States, we saw the latest non-farm payrolls report, which is the most widely reported employment figure that market participants in the United States look at.