S&P 500: A falling knife or a deadcat bounce?
Many have rushed into buy with the US administration announcing support package.
However, with the exception of the areas like China, HK, Singapore, Taiwan where the situation is under control, many other areas are dealing with it the first time and are caught off guard.
This includes pleas from countries (eg. like Serbia) asking for help as economic blocks like EU block export of critical medical supplies.
The measures taken by various countries have so far followed a lockdown, trace and isolate playbook.
With this in mind, economic activities is unlikely to 'road to life' just because of the support packages.
Do trade with care as the covid-19 situation has not peak yet.
However, with the exception of the areas like China, HK, Singapore, Taiwan where the situation is under control, many other areas are dealing with it the first time and are caught off guard.
This includes pleas from countries (eg. like Serbia) asking for help as economic blocks like EU block export of critical medical supplies.
The measures taken by various countries have so far followed a lockdown, trace and isolate playbook.
With this in mind, economic activities is unlikely to 'road to life' just because of the support packages.
Do trade with care as the covid-19 situation has not peak yet.
Penafian
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