A man stands next to a bank’s electronic board showing the Hang Seng Index in Hong Kong on July 21. Markets’ forward-looking nature means they have been able to move well ahead of the real economy to price in an expected recovery in corporate profits. But are they right? Photo: AP
A man stands next to a bank’s electronic board showing the Hang Seng Index in Hong Kong on July 21. Markets’ forward-looking nature means they have been able to move well ahead of the real economy to price in an expected recovery in corporate profits. But are they right? Photo: AP