We cannot predict when markets will finally reach a bottom – they may already have – but we believe it is most likely to be once we hit a peak in the daily growth in new Covid-19 cases round the world.
Italy is in the depths of crisis and the US is quickly approaching one. In the UK, we have moved swiftly to try to contain the virus, yet in doing so we have put many businesses and households under tremendous pressure. It is a scary time out there, but we must remember that it will not last forever. Covid-19: Hoping for the best, planning for the worst All around the world central banks and governments announced unprecedented support packages for businesses, financial markets and households. Now we have to wait and see how well these programmes work. The UK was particularly swi...
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