Market complacency risk

Coronavirus outbreak highlights market complacency risk

Robert Armstrong

Why was reaction to red flags slow — and can business become more vigilant? Monday morning, February 24, was the moment when a thoroughly somnolent market, after a decade of steadily rising prices and accommodative central bank policy, awoke to the fact that coronavirus would have serious implications for the world economy — and that, at the same time, almost every asset was priced for perfection. Read more