Sweat the small stuff

AS THE market cycle matures past the "peak growth and peak stimulus" phase, investors will need to pay attention to idiosyncratic risks, exogenous factors and what's at play at the micro level.

In 2020, the world shared the common fate brought about by the Covid-19 virus, which respected no boundaries and infiltrated shores of continents and island states, developed and emerging markets alike.

This year is different.