VOLATILITY GRIPS MARKETS ON BACK OF CONTINUED UNCERTAINTY
This week uncertainty has gripped the markets, with every bit of news flow having a large impact. The FED said they might hold off on rate rises, markets rallied; Saudi Arabia said it wouldn’t cut oil production, markets fell; the ECB said it might think about some QE, markets went up and then down again. Global markets are being confronted with some new situations they haven’t quite got its head round, as the dust settles we expect long term expectations to be mostly unchanged; the world economy is growing a bit, it might grow a bit slower, but the risk of it collapsing in on itself remains low, although not zero. This is likely to be what passes for normal for a while. Read More….