liquidity

US stocks have had a chance to finish 2017 in style, as the economic recovery that started two years earlier received an additional boost from the much-publicised breakthrough on tax reforms.

Focused on asset liquidity and credit quality

Markets have realised they have a new concept of risk to play with: idiotic risk. Largely unquantifiable, we see many shining examples, whether in North Korea, the White House or No 10.

With increased market volatility and the impact of global political events, Legg Mason's Gary Herbert explains why investors need to watch out for liquidity red flags in many areas of the fixed income market

Further work is needed

Concerned about FANG stock valuations

In regulator's Sector Views paper

Follows FCA evidence of 'moderate' decline in liquidity

Follows last year's property fund suspensions

Publishes 14 recommendations