Julian Howard: Is this the end of fundamental analysis?

In the decade since the Global Financial Crisis, the schism between economic and market performance has been widening. Annual global growth has averaged less than 3% according to the International Monetary Foundation, yet the MSCI AC World equity index in local currency terms had breezily gained over 200% to 30 April this year. Then, of course, coronavirus hit. Initially, markets saw waterfall slides worse than the first couple of weeks of the Wall Street Crash of 1929 - indeed, worse than every other market selloff in the last century. Forecasts of economic meltdown and depression proli...