Traders work on the floor of the New York Stock Exchange on March 4. US and global equities are currently down by less than 20 per cent from their all-time highs. Photo: EPA-EFE Traders work on the floor of the New York Stock Exchange on March 4. US and global equities are currently down by less than 20 per cent from their all-time highs. Photo: EPA-EFE
Traders work on the floor of the New York Stock Exchange on March 4. US and global equities are currently down by less than 20 per cent from their all-time highs. Photo: EPA-EFE
Patrik Schowitz
Opinion

Opinion

Macroscope by Patrik Schowitz

As the coronavirus batters economies worldwide, what accounts for the truncated US bear market?

  • Despite terrible economic data and a collapse of business confidence indicators worldwide, stock markets have rapidly rebounded from their lows
  • Investors seem to be weighing the market’s long-term prospects, based on stimulus measures, rather than voting on short-term risk

Traders work on the floor of the New York Stock Exchange on March 4. US and global equities are currently down by less than 20 per cent from their all-time highs. Photo: EPA-EFE Traders work on the floor of the New York Stock Exchange on March 4. US and global equities are currently down by less than 20 per cent from their all-time highs. Photo: EPA-EFE
Traders work on the floor of the New York Stock Exchange on March 4. US and global equities are currently down by less than 20 per cent from their all-time highs. Photo: EPA-EFE
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