News flash News Flash – The Elephants in the Room

News Flash – The Elephants in the Room

This week saw global equity markets rise once again, in defiance of worsening economic fundamentals and forward earnings forecasts, primarily caused by the Covid-19 pandemic. To explain this paradox, we have included a link to a piece by Robert J Shiller, an American economist, entitled “Understanding the Pandemic Stock Market.” Further underlying our cautious approach…