It's only a slight simplification to say that energy prices remain the swing variable in the outlook for global growth...

At the global equity market peak last year, financial assets were strongly outperforming the real economy, a state we refer to as bearish...

Panic is the short answer. Some thoughts on the longer answer below…..

Even before Omicron surfaced there had been a deep and wide correction to most of the meme stocks, as well as the “transformation” stocks..