There has been a pick-up in volatility in the US market this year after an abnormally tranquil 2017. Concerns about the end of the cycle are mounting amid rising US interest rates and higher inflation and the end of quantitative easing.
The mining sector is often associated with ill-disciplined capital management. Through the last supercycle, driven by Chinese industrialisation, bullish management teams typically signed off overzealous projects and ill-advised M&A activity as they sought...
Trade wars a key risk
According to Smith & Williamson's Chris Ford
Concern over central bank actions
This year has seen the return of market volatility, with the CBOE Volatility Index (VIX, the 'Fear Index') having averaged 16 for the year so far.
'Prepare to go off the beaten track'
While the recent unpredictable geopolitical news flow has created challenges within Russia, it has served to mask a wealth of investment potential.