Stocks, bonds and everything in between were hit hard this week as stubbornly high inflation ignited fears around aggressive monetary policy. The market moves, for some, resurfaced buried memories of the global financial crisis more than a decade ago. But for others--like the chief economist of UBS Global Wealth Management, Paul Donovan- it was a reminder that the market "is not listening to what is going on in the economy and instead getting caught up in its own narrative."

Speaking to David Merritt and Francine Lacqua, Donovan offers a City view on the market selloff, and he debates the cause of inflation with Markets Live blogger Lorcan Roche Kelly.

Plus: Bloomberg Opinion columnist Marcus Ashworth gives historical context by sharing the story of his first day in the dealing room on Black Monday back in 1987.

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