- Stocks expected to keep swinging violently as investors try to come to grips with how much of the slowing economy is priced in
- Riyadh and Moscow at diplomatic stalemate, each blaming the other for the oil production crisis
Weak economic data and extended social distancing guidelines, likely to be in place for longer than expected, all weighed on markets as trade on Friday concluded. U.S. and global equities retreated, pulling back from their strongest rebound in 11 years which was spurred by the most generous Congressional spending bill in U.S. history. The S&P 500, and each finished lower on the day by more than 1.5%.
Ultimately however, it’s the reality of the continuing spread of COVID-19, with more than 1,203,000 confirmed cases worldwide and almost 65,000 deaths globally at time of writing, and no vaccine or other cure in sight, that will continue to trigger risk appetite—or the lack thereof—as investors consider the depth and breadth of both macro and micro…
