Making sense of the global rout3 min read . Updated: 07 Feb 2018, 01:53 AM IST
It is too early to say whether the recent tumble is just a bull market correction or something deeper
The global equity markets have behaved like a petulant drug addict who has been denied his daily fix of easy money. The prospect of monetary policy normalization in the US has pulled down share prices at a time when the global economy is in the early stages of the strongest synchronized expansion since the financial crisis. This paradox of a sharp market correction in the midst of an economic expansion underlines the influence that extraordinary monetary policy has had on asset prices over the past decade.
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more