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Quantifying irrationality is hard

And the flatlining stock market

Precision Neuroscience raises over $100mn as companies building ‘brain-computer interfaces’ press ahead with human trials

Reduction from 16-year high this week now given odds of over 60% by markets

Some analysts are increasingly concerned about lofty valuations and shallow markets

Market expectations for loosening in Europe and UK pushed back as US grapples with a hot economy

Weak economic data have added to investors’ conviction on ECB and BoE moves next year

Markets are pricing in six rate reductions in the eurozone next year

Unlike physical assets, those we cannot see have never been tested by rising prices

BDCs have been criticised as instruments where external sponsors extract high fees and pursue asset growth over vigilant underwriting