Jeremy Grantham is a famous bubble hunter, quick to point out speculative excess on Wall Street and beyond.
It’s the major casualty of November’s sizzling stock rally: Investor caution.
An electronic trading revolution is finally coming to corporate bonds, years after reaching other financial markets.
Two brutal weeks for banks have mostly scuttled hopes in markets that a US recession can be avoided. But a close read of the cross-asset landscape still finds investors unconvinced the stress portends a genuine financial crisis.