MARKETS REMAIN ON TENTERHOOKS
This week the market horror show continued, with any hint of bad news being severely punished by investors, before the following day’s realisation that maybe it wasn’t that bad after all. Looking past the noise, the underlying trend of a slowing Chinese economy weighing on global growth has been understood and expected for some time – each new data point just strengthens or weakens that argument by a minute amount; hardly worth all the drama. The extreme case of a new financial crisis remains a remote possibility however. Read More…..