Global Matters Weekly – 28 March 2022

It’s lights out and away we go

by Matt Connor

The first race of the 2022 Formula One season didn’t disappoint, as Sir Lewis Hamilton sought a strong start to his record-breaking 8th World Championship in Bahrain. Many were quick to write off the Mercedes man, due to a lack of pace in free practice and qualifying compared to rivals Ferrari and Red Bull. Despite the negative outlook, Hamilton still managed to achieve a podium. As value investors we often view negative sentiment around a company as a potential opportunity to capitalise on irrational valuations

Market Snapshot

  • Global equities increased by +1.3% last week
  • At the NATO summit, leaders said in their statement that the Russian use of chemical or biological weapons would result in severe consequences
  • Brent crude increased by +11.8% to $97.9 a barrel
  • Gold increased by +1.9% to $1889.3 per ounce