The market response first, to the Covid-19 crisis, and second, to the huge stimulus packages announced to offset it, has been astonishing.
The onset of the current crisis has exposed fragilities in the global economy caused by a long obsession with efficiency, to the exclusion of all else.
Today's 'stockmarket darlings' still rich in profits
Weighting drops to over 26% of portfolio
Are stockmarkets in a bubble or a recession? Well, arguably it is both.
Europe faces several challenges, specifically German manufacturing, trade wars and Italian budgetary pressures.
Fund forced to sell off part of portfolio
The 'Europe is going Japanese' fear has driven a big re-rating and outperformance of growth stocks relative to value year to date.
Technology must cut administrative burden
Warning from legal expert
Japanese equities have been routinely shunned by global allocators for decades.
In recent weeks, investors have fixated on the inversion of several sovereign yield curves, most notably the US Treasury curve.
Reeling from the end of quantitative easing
If we have learned one thing in more than 30 years of investing in continental Europe it is that it is much more important to be invested in the right companies rather than trying to make top-down calls.
While our politicians, the media and many investors have their attention fixated on the Brexit negotiations, UK management teams have been getting on with the day job - and deal-making is on the agenda.
Investors seeing value in corporate and government bonds
2018 was a difficult period for the Japanese equity market.
Unloved for a generation, Japan's equity markets are coming back into favour - and for good reason.
In recent months, investors have reacted to a perceived bout of increased uncertainty in global markets as the short-term mood has shifted from one of championing synchronised global growth and reflation to one more of nervousness around emerging markets...
Is the best behind us?
After a dismal decade, the re-emergence of emerging markets (EMs) continues. In the year to the end of March, they outperformed global developed markets by 10 percentage points.
Political issues remain
Pressure on UK equities