09 Octobre 2017

Yet another week full of political turmoil. The drive for independence in Catalonia, hurricane damage in Puerto Rico and raging Brexit debates in the UK all continue to create massive challenges for the governments in charge. In none of these cases it seems that political leadership has been very effective in resolving the tension (to put it mildly). Let’s hope that changes quickly, but let’s also realize that it might not be that important to markets how quickly these matters are calmed down. Markets have learned in recent years to look through the political fog.