We have seen something of a recovery in global markets since the pandemic struck, but this is very much the first pulse.
This was always going to be significant, given the magnitude and speed of action taken by central banks and governments, led by the Federal Reserve. It has been shock and awe, with all records being broken, both fiscal and monetary stimulus - the Fed stimulus alone has reached more than $3trn, equalled by US government physical stimulus. Deep Dive into UK equities: Time to hold your nerve? We must now ask ourselves: is there a danger of emergency medicine becoming a lifestyle drug, particularly in the US? The S&P gains have largely been led by the five big tech megaships, which ha...
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