Square Mile's Hasler: Postcards from North America

Market drivers becoming harder to predict

Square Mile's Victoria Hasler spent ten days meeting and interviewing fund managers across North America and Canada.

Boston Greetings from Boston, Massachusetts. This is a city where cannabis was recently legalised. I won't go into the social problems this is starting to create, suffice to say that it makes for some sad sights. Cannabis stocks, however, are just as disconnected from reality as many of those partaking in the drug itself. And that's a little how stockmarkets feel too. Our manager here described the market as "toppy". It's hard to be a fundamental investor when everything is rallying, including total junk. What is driving 'extreme price swings' in equity markets? So what do you do wh...