Stock markets were in freefall and financial Armageddon appeared to be just around the corner. Below, they give their current thinking on stock markets – caution, rather than calmness, now seems to be the watchword. It's not just the UK stock market that has bounced back in spectacular fashion. 4 HOW THE CENTRAL BANKS HAVE HELPEDTilney's Jason Hollands says the relationship between stock markets and economies has been distorted by the reaction of central banks worldwide to the pandemic. Says Hollands: 'It may seem perverse, but when a crisis provokes central banks into emergency measures, stock markets rather like this.

Source: The Nation March 21, 2021 15:09 UTC