Markets Whipsawed By “Events, Dear Boy, Events”

This is our weekly market update where we start in the US, cross to Europe and Asia and end in Australia, covering commodities and crypto along the way. When UK Prime Minister Harold Macmillan was asked what was the greatest challenge for a statesman, he replied: ‘events, dear boy, events’. This is highly relevant to this week’s market review, because they were whipsawed through the trading day asking what is a negotiating gambit and what is a serious policy proposal. After opening higher, they sank mid-session during a public berating of Ukrainian President Zelensky by President Trump and Vice President […]