Anthony Peters, BlockEx Markets
Anthony is from Manchester but was educated in Germany and Switzerland before taking a degree in History and Politics in his home town. He trained in banking in Zurich. Since 1987 he has been back in the City where he worked in fixed income sales. From 2008 until 2015 he was with SwissInvest from where he serviced his institutional clients and provided commentary on markets. Since retiring from front-line action, he has continued to act as a market strategy consultant, most recently to BlockEx Markets, a London-based fintech group.
The question was posed yesterday by a seasoned wealth manager who simply asked: “Where the hell do I have to go to make money?”.
As the US closed and Australia opened overnight I received a note from Melbourne sent by the venerable firm of Joseph Palmer & Sons entitled “Dead cat bounce?”. That’s a term I hadn’t heard in a while but I suppose the low volatility markets haven’t given rise to such an event.
You can’t say we didn’t see it coming. You can’t even say we weren’t looking forward to it. The Great Correction is not the Great Crash of 2018. What are we seeing?