When crises hit, they always seem new, unexpected and shocking. They cause us to worry whether markets can really ever recover. This is the essence of shocks; they are, to offer a truism, unexpected.

We have just passed the milestone for the first 100 days of the second presidency of Donald Trump. He greeted the milestone with a rally...

The shock and awe of President Donald Trump’s tariffs has proved greater than even the most anxious forecasters predicted. His imposition...