No edge, no hedge: why markets are stuck
Neither extreme optimism nor extreme pessimism makes much sense, and neither is easy nor safe to express
Related reading
There is method in the market’s madness
But it relies on a host of rosy assumptions going in investors’ favour
Only two events have mattered in my 30 years of investing
Markets have shrugged off everything from geopolitics to financial crises
The essence of economics
Why write about markets at all?
Markets should pay heed to the affordability squeeze
Political pressure in response to public anxiety will demand policy responses
How economists lost traction
Experts are struggling in a less predictable world rife with simple and popular answers
Interest rates take fright
The market’s calm in the face of war is beginning to crack