September ’26: Income rush

Last month saw “La rentree” – the return to the real world, after an enjoyable summer. Very much so for me, as it happens – but with plenty of enjoyment still to be found. I’ve taken in Frida Kahlo at the Tate Modern, a spot of luxury in the south of France, a City ritual in one of its ancient livery companies, some politics both in Liverpool and Downing Street, and the outdoor beauty around Dorset’s Lyme Regis as well as Hampstead’s own heath. Not to mention some sailing, fine dining, and wine tasting, It’s a wonder I find any time to write this blog. Market movements in September 2026 Meanwhile, the markets were generally gloomy – as elevated oil prices pushed up inflation expectations, lifting interest rates. The Fed’s first hike of rates boosted the USD and hit US treasuries, as to be expected. Equities drifted very slightly lower outside the USA. In constant currencies, markets fell (weighted to my target allocation) 0.8%. The currency movements lifted things 1.1%. Overall, net…