A second wave doesn’t seem to bother the markets that much
The economic scenarios for a second wave, or its absence, hardly differ, so what changed since last week
17 June 2020 - 17:06
London — It’s hard to find an investor who has not already assumed some form of second wave of Covid-19 when economies reopen, so why did stock markets panic at the hint of a relapse last week?
A sudden bout of angst about resurgent coronavirus cases in parts of the US and China was enough to ensure last week was the worst for world equity markets since March...
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