A trader is seen ahead of the closing bell on the floor of the New York Stock Exchange on March 18, 2019 in New York. Photo: AFP
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

US stocks are booming, volatility has collapsed and the Fed is dovish. Why do investors remain cautious?

  • Major asset classes have bounced back this year with the S&P 500 gaining 25 per cent from its low in December. However, equity funds in developed economies continue to suffer outflows, with global growth prospects, especially China, remaining a concern

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A trader is seen ahead of the closing bell on the floor of the New York Stock Exchange on March 18, 2019 in New York. Photo: AFP
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