Hermes Investment Management CEO Saker Nusseibeh has warned of potential disruption in 2018, with a number of issues having the ability to disarm "steady" market conditions.
Nine years into a post-financial crisis bull market, the CEO said by "all traditional measures" a correction was due - the question being over its severity. Writing in the Looking into 2018 with Hermes report, published last week, Nusseibeh said any dip might be a "mere correction" of between 5% and 17% or it might be more extreme. He said a "black bear" correction - the less aggressive of the species - would see a fall of around 25%, as was the case in 1957, 1962 and 1978. Conversely, a "brown bear" scenario - considered the more aggressive - might be as extreme as c45%, as was th...
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