9th February 2018
Market volatility, which has been low for a while, has suddenly come roaring back; with a sell-off in most major markets underway. The main driver appears to be a sudden loss of investor confidence, rather than any change in the fundamentals. While this is still unwelcome, in the last three months markets had become too optimistic and are now returning to reality. Although some of the falls are severe, they are not yet symptomatic of anything more serious; we don’t see anything major to be concerned about at the moment.
We have written a more indepth view of our stance on the sell-off.