Why the end of ‘Disneyland’ markets might be a good thing
This week’s inflation shock may end up being healthy for markets, if it reminds investors about the importance of managing risk and thinking long term.
As president of the $US557 billion ($823 billion) mutual fund giant MFS Investment Management, it’s not hard to imagine that Carol Geremia spent her week glued to a screen watching Wall Street gyrate between the hope of (yet another) bear market rally and the crushing despair that followed Tuesday night’s shock US inflation report.
But her reaction to a wild week will surprise you.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
