by Ronan Manly
From the plunge in European stock markets
, instability and volatility in financial markets across the world has continued to reel for some three weeks now. In fact, the market carnage and turmoil has been progressively intensifying leaving no asset class immune. A generational perfect storm.
Triggered by the rapid spread of the coronavirus COVID-19, and amplified by a massive fall in global oil prices after lack of agreement on OPEC oil production output, the corrections and gyrations across stocks, bonds, foreign exchange, commodities and everything in between are also arguably an overdue market adjustment to years of asset bubbles, volatility suppression and elevated stock prices created by continuous central bank stimulus and interventions.