Fidelity International’s Tom Stevenson gives us his typically unique take on all of the GameStop / Reddit Army shenanigans that have played out over the past fortnight.

The last year has been characterised by gloomy headlines but a counter-intuitively buoyant stock market. Even experienced investors who understand that this is how markets work are starting to call time on the remarkable rally since last spring.

This time last year we were getting ready for the ‘known unknowns’ – the unpredictable events that we nevertheless knew were on their way. In the end, of course, the year was dominated by the mother of all ‘unknown unknowns’.