Neil Birrell: What do you do when you just do not know what to do?

'Perplexing'

clock • 3 min read

Neil Birrell takes a look at the third quarter of 2020, pondering the perplexing equity market

It is just past the end of the third quarter, that means it is time to write the economic and market reviews for the quarter itself, the six month period and the year to date. It has become clear it has been a year of three thirds. First; panic and fear for health and society, let alone markets. Second; uncertainty for society but optimism for markets driven by policy measures from governments and central banks. Third; a better understanding of what has happened and less fear and volatility. In some ways, even though the third quarter has been the calmest, it is also the most perplexi...

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