We’ve discussed in several posts how the market reaction to the coronavirus outbreak shared many ‘classic’ behavioural traits with episodes of the past:
When we talk about market ‘episodes,’ we often mean periods where investors appear to give up on their own long term beliefs due to what prices are doing right now.
It is common to see correlated declines across range of… Read the article
With lockdown continuing and the tone of news flow deteriorating, it can be hard to reconcile the recent bounce in equity markets with how we may feel personally.
It is just as hard to consider these rebounds in the context of economic data, which suggests… Read the article
In the last week there has been a reasonable bounce in equities from their March lows and some moderation in market volatility.
Although it is not much to write home about, with this relative calm there has been some shift in market commentary. Price moves themselves Read the article
But when it comes to forecasting economic data for the first half of 2020, for once we know what’s coming:
So far, all we can truly know in… Read the article
The last few weeks brought about enormous changes to our society, to our personal lives and to the economic environment as we know it. The spreading of a deadly virus across the world prompted many governments to put out unprecedented restrictions on businesses and the wider population, while at the… Read the article
Since then… Read the article
On the 11th February there were two very different headlines on the coronavirus:
A question I have often been asked lately is “is the Greta effect going to last?”. How much influence is this public figure going to have and are the social movements she inspired really going to transform our society? The honest answer is I don’t know, but human psychology in… Read the article
The world is a profoundly surprising place. That was the case in 2019 – few people predicted a vintage year for both bonds and equities, with the latter outperforming despite no earnings growth. Already in 2020, we have been taken by surprise by events involving the US and Iran. What… Read the article