Beijing reported its second consecutive day of record numbers of virus cases and hospitalisations rose in some U.S. states, leading investors to reassess their assumption of a swift V-shaped recovery.
“Market are pricing a too-optimistic recovery, in my opinion, and there could be a reality check coming rather sooner than later”, he said. The retreats follows a global rally since late March, fuelled by central bank and fiscal stimulus and optimism about countries gradually lifting the lockdowns implemented to stop the spread of the novel coronavirus.
Brent crude futures fell 2.7%, to $37.69 a barrel. U.S. West Texas Intermediate crude futures were down 4.1%, to $34.78 a barrel.
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It is not a second wave, if it is a first wave interrupted only by government ordinances, limiting the movement of people. The initial rise in new cases did not lessen without government intervention.
Are they slowly pushing out Trump, or is the virus a legitimate fear... So much fake news...who to believe?
Quick let’s buy some negative government bonds 🤮
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