Whitney Houston and Madonna dominated the charts, Timothy Dalton made his debut as James Bond and Britain was run by a powerful female Tory Prime Minister who was crushing the opposition and dominated the global stage. Looking back, 1987 seems like a very different world from the one we live in today. But it had one thing in common with 2019. Equity markets got off to a roaring start.

The trouble is, the last time the markets started as strongly as this it ended up in the worst crash of modern times. Could it happen again? There are some worrying parallels.

The nervousness that gripped investors in the run-up to Christmas seems a long time ago now. From Britain’s on-off departure from the EU…

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