Thanks to swift action worldwide by central banks, global equities avoided a disastrous place, a possible combination of the 1930s like depression and the 2008 financial crisis. In just a matter of weeks, massive monetary and fiscal stimulus was injected into the global economy, showing financial markets central banks and government leaders were not taking any chances with the shock that was about to hit consumption and production, also providing key relief to funding markets.
The unprecedented actions by the Fed have put a tentative top for the , however, the flight to safety could return if the duration and severity of the economical and financial disruptions worsen over the next couple weeks.
The focus next week will remain on the spread of the virus in Europe and the US. Unfortunately, it seems that stringent mitigation measures have not helped the curve as much as many have hoped for in the US, Italy and Spain.
A good amount of attention will also fall on the US labor…