It is fair to say that markets have been anything but boring since Covid-19 took hold and turned our lives upside down.
More than 18 months since the dramatic market moves in March of last year, some investors could be forgiven for wondering whether their portfolios are robust enough to cope if another significant event were to hit markets. Markets look more fragile today than ever - and this is clear to see, given how reactive they are to both good and bad news. This is in part down to there being much less liquidity around, as investment banks are no longer a liquidity provider of last resort, coupled with the effects of years of monetary stimulus. Equity valuations are at historical highs, so the...
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