Grantham sells stocks, ECB buys bonds, ESG vows in a pandemic
FT News Briefing
00:00
Bearish Insights in a Bouncing Market
This chapter explores the investment strategies of a fund manager with a bearish view on equities, detailing his reduced exposure to global stocks and his track record in predicting downturns. It contrasts market optimism, driven by central bank actions and positive COVID-19 news, with underlying systemic issues and concerns raised by firms like GMO.
Play episode from 01:31
Transcript
