The Great Decoupling — why global markets are shrugging off war and fear
Daily Maverick | 22.04.2026 04:22
Equity investors are often stereotyped as being glass-half-full types, but this first quarter has challenged even the most optimistic among them. A war in the Middle East that the International Energy Agency has dubbed the gravest threat to global energy security in history. American tariffs at their highest since the early 1940s. A US president who seems to be completely unhinged, even at times genocidal. And yet global equity markets are within touching distance of all-time highs.
