pH Outlook

Market bubbles start to burst

Oil prices have tumbled back to June levels, whilst the call option favourite Tesla has seen its price crash 26%. And the eurozone moved into deflation.

Central banks create a K-shaped rebound

The US is seeing a K-shaped rebound. Fed support meant the S&P 500 made new all-time highs last week. But 20% of US adults told the US Census they couldn’t afford to buy enough food to feed their children.