Traders work on the floor of the New York Stock Exchange on February 26. After a distressingly bearish end to 2018, 2019 has started with a surprisingly strong rally. Photo: EPA-EFE
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Global equities’ sudden surge follows a steep December drop-off, and both are overreactions

  • Don’t count on 2019’s across-the-board rally in equities to last – the rebound has been driven by temporary optimism over trade talks and a less hawkish Fed

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Traders work on the floor of the New York Stock Exchange on February 26. After a distressingly bearish end to 2018, 2019 has started with a surprisingly strong rally. Photo: EPA-EFE
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Nicholas Spiro

Nicholas Spiro

Nicholas Spiro is a partner at Lauressa Advisory, a specialist London-based real estate and macroeconomic advisory firm. He is an expert on advanced and emerging economies and a regular commentator on financial and macro-political developments.