In the face of an escalation in geopolitical tensions and the rapid spread of the coronavirus, the S&P 500 index is up by more than 3 per cent and currently stands at an all-time high. Photo: Getty Images/AFP In the face of an escalation in geopolitical tensions and the rapid spread of the coronavirus, the S&P 500 index is up by more than 3 per cent and currently stands at an all-time high. Photo: Getty Images/AFP
In the face of an escalation in geopolitical tensions and the rapid spread of the coronavirus, the S&P 500 index is up by more than 3 per cent and currently stands at an all-time high. Photo: Getty Images/AFP
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

It won’t be long before the coronavirus catches up with exuberant stock markets

  • The outbreak is already dragging down commodity and oil prices, and risks from post-Brexit negotiations and US electoral uncertainties will increasingly come into play. The giddy rallies in US stocks cannot last

In the face of an escalation in geopolitical tensions and the rapid spread of the coronavirus, the S&P 500 index is up by more than 3 per cent and currently stands at an all-time high. Photo: Getty Images/AFP In the face of an escalation in geopolitical tensions and the rapid spread of the coronavirus, the S&P 500 index is up by more than 3 per cent and currently stands at an all-time high. Photo: Getty Images/AFP
In the face of an escalation in geopolitical tensions and the rapid spread of the coronavirus, the S&P 500 index is up by more than 3 per cent and currently stands at an all-time high. Photo: Getty Images/AFP
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Nicholas Spiro

Nicholas Spiro

Nicholas Spiro is a partner at Lauressa Advisory, a specialist London-based real estate and macroeconomic advisory firm. He is an expert on advanced and emerging economies and a regular commentator on financial and macro-political developments.