As short-term market movements continue to be dictated by politics and the media, advisers and their clients need to remain cautious and think ahead of the curve, warns Guy Stephens
The business of forecasting and the accuracy thereof is more influential today within the world of money management than it has ever been. Much of this is due to the speed of communication and the proliferation of 24/7 news, Twitter accounts and the impact this has had on the media. The casual observer could be forgiven for thinking this would lead to better forecasting with greater accuracy - but something seems to be going wrong in this world of big data, leading to more surprise outcomes. We saw another two cases of this last week, where political outcomes surprised many. The first...
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