The trading floor of the New York Stock Exchange gets busy on January 15. Triggers for market shocks are devilishly hard to anticipate. Photo: AP
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Why the biggest threat to the stock market rally is the one that no one is talking about

  • Lacklustre global growth, continued US-China sparring and geopolitical risks over Iran are all potential triggers for a major sell-off, but none appear likely to materialise
  • Instead, the danger may come from vulnerabilities yet to be identified. History shows a ‘black swan’ event is not so unthinkable
The trading floor of the New York Stock Exchange gets busy on January 15. Triggers for market shocks are devilishly hard to anticipate. Photo: AP
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