Investment briefing
Another quarter, another record-breaking rally for global equities. Despite social restrictions still being imposed by governments across the world in one form or another, stock markets have flourished.
Investment briefing
Ricochet
Cast your minds back to 2014, when the Caribbean Island of Puerto Rico, burdened by a chronic budget deficit, spooked the US municipal bond market by passing legislation to restructure some of its enormous $73bn debt pile. US Municipal Bond ETFs reeled and wider markets were spooked, the country’s debt downgraded to ‘junk’ status.
Investment briefing
Fortune’s Favours
The eighteenth century English mathematician, Thomas Bayes, was purportedly the first father of statistical data analysis, developing a theorem which allowed probabilities to be updated depending on available information.