Market volatility? Let it be

The performances of key equity market indices reflect jitters over rising trade tariffs, says the writer.
The performances of key equity market indices reflect jitters over rising trade tariffs, says the writer.PHOTO: AGENCE FRANCE-PRESSE

Uncertainty is new norm, so pay heed to fundamentals and mega trends, invest in quality stocks

It is appropriate to occasionally remind oneself to just "let it be", as The Beatles song goes. The trade tensions, which are threatening to become a full-blown trade war, are what they are, and there is very little market watchers or investors can do to change the ultimate outcome, beyond watching this play out from the sidelines.

In the past three months, we have been bombarded with news on the trade front and possible retaliatory actions. Not surprisingly, a Google search for "trade tensions" yields more than 50 million results - to put this in perspective, there are only 120-plus million results for "Barack Obama", who was president of the United States for eight years.

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A version of this article appeared in the print edition of The Sunday Times on August 12, 2018, with the headline 'Market volatility? Let it be'. Print Edition | Subscribe