covid-19

US equity markets clearly remain in the ‘Panic’ phase of this pullback. If history is any guide, that will soon be followed by a short-covering relief rally (possibly...

Markets have seen one of their sharpest & fastest selloffs in history. FOMO in January has now been replaced by sheer panic - when you are in the eye of the storm it...

One factor I have been watching closely is the spread of the coronavirus through summer or tropical countries. For most of February, it appeared travellers brought...

This morning the US Federal Reserve has thrown the kitchen sink at the markets – they have cut interest rates to zero (0 to 0.25%) and announced $700bn in money...

In John Hempton’s eyes, what is occurring in financial markets is not an economic problem that can be solved through central bank stimulus. It’s a virus problem, and...

They say that truth is the first casualty, but I would suggest that ‘perspective’ is actually the first to go. Case in point: 2 people in a supermarket having a...

Whilst everyone is focused on the fall lets focus on the bounce. In the GFC the market fell 54% and took 12 years to recover its high. The bank sector fell 56%, and...

During February, global high-yield bonds and US investment-grade debt were trading at record low yields as the bond market’s prolonged bull run continued into...

At the beginning of this year when we wrote our outlook for 2020, we were more positive than most on the idea that the housing cycle was moving into full swing, which...

The ASX200 has collapsed by more than 20% in just three weeks since COVID-19 went global. When markets fall so far and fast, it induces a state of panic for many...