Are the markets COVID-19 immune?
2020 has witnessed remarkable and wildly unexpected events worldwide, and share markets are no exception. They’ve been on a rollercoaster since COVID-19 became part of our everyday vocabulary.
Although outcomes remain unknown, and certainty still far out of reach, the markets are displaying a curious and strange resilience. The world’s largest market (the U.S.) down a third in March/April, vaulted back up by 51%, reaching new highs by August.
Central banks have played a key part, printing money to stem the economic carnage. Markets now display puzzling signs of immunity to COVID-19.
But can it last?
Pathfinder Chief Investment Officer Paul Brownsey, and Portfolio Manager Hamesh Sharma, in their August webinar, take a closer look at what’s going on and speculate on where things may be headed.