The View

Daily analysis of the major talking points in the worlds of Business and Investing with a focus on implications for doing both in mainland China and its key financing hub - Hong Kong.

Specialist Anthony Matesic, center, reaches out to traders on the floor of the New York Stock Exchange, Wednesday, Feb. 3, 2016. Stocks are gaining ground in early trading as investors were encouraged by some strong company earnings reports and a pickup in the price of crude oil. (AP Photo/Richard Drew)

Are there any smart people left in finance?

Just after the US Fed tried to resume some semblance of interest rate normality markets have already lost about US$5.7 trillion coming into 2016. The market is either in panic mode or experiencing problems coping with the resumption of disciplined risk pricing.