Global equity indices continue to recover. Much of the related commentary concludes that investors are heartened by signs of pandemic curve-flattening
The Chosen Few
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Weekly Market Compass
Markets are Mistaken
Last week, markets rebounded. Major equity indices have now recouped half their losses from their Covid-19 driven lows.
A Flat Curve is Not Enough
Investors ought to be wary of overstating the economic and market benefits of pandemic curve flattening.
Uncertainty, Risk and Asset Prices
The pandemic remains the sole driver of global markets. That reality makes fundamental analysis difficult, if not impossible.
History Has Something To Say
Today, it is tempting to jettison conventional thinking about asset prices and their relationship to the fundamentals.
Market Volatility Explained
This morning, March 18th, global equity markets are again in steep decline, despite the stepped up fiscal and monetary commitments announced
Thoughts on Surviving this Avalanche
Public policy is now moving on two fronts: containing the pandemic and offering economic stimulus. But will that be enough to draw support
An ounce of prevention is worth a pound of cure
Global risk assets had another tumultuous week, responding to the spread of the coronavirus, paltry efforts to mitigate its economic fallout,
The Coronavirus Infects the Markets
Global risk assets sold off heavily last week on concerns that the coronavirus pandemic may significantly dent growth and corporate earnings.
Rising Uncertainty
Markets have suffered a hiccup in recent days, with stock prices dipping at the end of the past week. Long-term interest rates are once again
Navigating the Virus
This was the week when markets began to succumb to worries about the spread of the coronavirus.