IMBBY - Markets: Strong Index Numbers Mask Big Weakness Underneath

Co-produced with Trapping Value

After some scintillating moves between February and early April, last week gave investors some relative respite as daily gyrations reduced. The news flow though continued strong and everything from the economic impact to the prospects of a cure caught investor eyes. We bring you a summary of the key pieces of the puzzle and where we think this is headed.

The Macro background

There are many ways to gauge the impact on different sectors of the economy. One way is to look at the change in electricity consumption as reported. Now,