monetary policy

"May you live in interesting times," goes the apocryphal Chinese saying. Whether this is a curse, or a blessing is open to interpretation, as all pithy statements are.

While coming within a whisker of calling the low for the S&P 500, it is fruitless attempting to call short-term market moves.

Three steps for markets to bounce back

US equity markets have had their worst quarter since 2008.

Following the unprecedented falls across all financial markets in recent weeks, the safest government bond markets have had to become cash vaults for fund allocators trying to raise the liquidity needed to plug the fast-growing holes left by the equity,...

Covid-19 and oil price plunge spook investors

The global spread of the coronavirus led to a simultaneous shock on both the supply and the demand side of the affected economies.

We cannot predict when markets will finally reach a bottom – they may already have – but we believe it is most likely to be once we hit a peak in the daily growth in new Covid-19 cases round the world.

Fundamental reality

Former Obama-appointed US Treasury official on recession outlook