Market Update 10 February 2026, with columns by Harry Geels, Bob Homan, Probability & Partners and Anton Kramer
Market Update 10 February 2026
Bob Homan: Why is the risk premium so low?
The major indices appear calm. But beneath the surface, there is definitely unrest. There will come a day when investors will want to be compensated for the extra risk.
Anton Kramer: What does the performance test still assess?
The performance test is intended to keep pension funds on their toes, but it is becoming less and less effective. Are we still monitoring true performance?
Probability & Partners: How stable are stablecoins?
Stablecoins promise speed and stability, but their rapid growth, bank linkages and regulatory frictions raise new questions about financial stability in the EU.
Harry Geels: Does neoliberalism even exist anymore?
Neoliberalism is blamed for everything, but does it even exist anymore? The criticism is directed at a straw man. We are actually dealing with an expanding government.