“Voters are angry but they don’t want their savings in monopoly money”

Marko Papic, Chief Strategist at BCA on why countries will retain the Euro as their currency despite rising nationalism (supplied by FNZ)

Market turmoil: Market moves (both up and down) have been extreme in recent months. In the US, the S&P500 hit an all time high on 20 Sept but then fell 20% in a little under 100 days. That’s the fastest fall of that magnitude for 20 years (1998 saw a similar sized fall in just 45 days). The market since recovered half its losses. Market volatility was high in 2018 after 2017 had been one of the least volatile ever. Expect volatility to stay high with ongoing Brexit uncertainty, trade wars and US political turmoil …