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
War - What is it good for?
“Supreme excellence consists of breaking the enemy's resistance without fighting.” Sun Tzu, The Art of War
Investment briefing
The strong performance of major equity markets since the start of the pandemic has left many investors wondering whether it is a good time to raise cash.