It has been a torrid time for just about everyone over the past 18 months. Ever since the deadly Covid-19 pathogen appeared on the global stage last year, people’s lives have been disrupted. It is not just entire populations that have been forced to adjust to the pandemic. Businesses have been compelled to rethink the way they operate. Central banks have scrambled to initiate monetary policies to support their governments that have cobbled together emergency fiscal support for their embattled economies. Meanwhile, pharmaceutical companies have developed game-changing vaccines in double-quick time. And in spite of all the upheavals and the fact that many global economies are reeling, stock markets have marched to the beat of a different drum, with the US Federal Reserve as the lead percussionist. Going through hell The market, it seems, has embraced with enthusiasm Winston Churchill’s amusing but sagely advice: If you are going through hell, keep going. Stock markets around the world have just kept going. Th...