Unprecedented is Becoming the New Normal – Says SquaredFinancial
As SquaredFinancial launches its Q3 Report, here is some important commentary from Rony Nehme, the company’s Chief Market Analyst
Q3 2020 will continue to be dominated by Covid-19 as markets accept that lockdown was never a cure, it has just delayed the spread of the virus. As countries expand track and trace and become more effective at isolating pockets of infection, we will see greater control allowing the opening of economies, but the risks remain.
Rony Nehme, Chief Market Analyst at SquaredFinancial commented: “The response to Covid-19 switches between necessity and expediency, which will not change until we have a way of controlling the virus. The safe option is to maintain lockdown and social distancing, but Governments can’t risk further economic damage.”
” We believe there will be a V recovery – but V is for vaccine, not a shape. Until we have a vaccine the pandemic will define financial markets and become the new normal. In the short-term it is likely we will head into a range bound summer, as the markets find an uneasy equilibrium between the negative news flow and central bank stimulus” said Mr Nehme.
The SquaredFinancial Q3 Report is available at Q3 PDF and is one element of the trading advice, training and information which Squared provides to investors. The analysis is developed in-house by the SquaredFinancial research team.