Our Weekly Podcast and Market Overview from Quilter Cheviot
LIFTING OF THE LOCKDOWN?
By Alan McIntosh, Chief Investment Strategist
“Last week ended on a strong note for global stock markets after a foreshortened Easter period, with most indices enjoying their second back-to-back week of gains. To give some context, stocks peaked in February and fell by 34% in just over a month as the coronavirus spread around the world. However, since hitting their lows on March 20, shares have recovered by around 25%, taking the world index out of bear market territory (a bear market is technically defined as a fall of 20%). Why has this happened, given that the news flow, particularly economic, seems to get worse by the day?
The current crisis is a medical one which has subsequently become an economic one. The answer to when the world can get back to some semblance of normality is entirely dependent on how quickly the medical crisis improves… read more…”
Weekly podcast: Markets Uncut
“As European governments begin to lift lockdowns, will we follow suit in the UK? Plus Mamta Valeccha on electric vehicles, one of the pre-Covid-19 mega-trends that we think will continue and whether another eurozone crisis is in the making…”