Equities Decoupled From COVID19
Investors have had numerous chances to continue selling stocks over the past few weeks. With the latest #NFP report being the apotheosis after the US jobs topped 20 million losses last Friday, the equity-economy disconnect becomes problematic. #Equities do well indeed and experimental policy – be it fiscal or monetary – supports big players stay afloat. However, #covid data from reopening economies have been dismal and could have market confidence deteriorate sharply.