Fed feeds FUD in uncertain markets

Fear, uncertainty and doubt, aka FUD, are rational responses to high inflation, rising interest rates, war threats and covid. (Image: Getty)

David Chaplin

Wed, 23 Feb 2022

“What investors don’t like is uncertainty,” Jason Draho, head of asset allocation Americas at UBS Global Wealth Management, told online publication MarketWatch at the end of January.Although they should be used to it by now after hundreds of years of securities trading data to reflect on.Specialist research house, Global Financial Data (GFD), for instance, has compiled economic statistics spanning “from the 1000s to the present”, including stock market figures dating back to 1602.In a 2019 analysis, GFD counted the...

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