- The market has been trading on forward assumptions for the entire duration of the pandemic up to and including the present day.
- One year ago, the world was coming to terms with the reality of the damage wreaked by the pandemic, but the stock market had it all figured out. On April 23, 2020, the S&P 500 closed at 2794, up about 25 percent from the low point of exactly one month earlier on March 23.
- There's quite a bit of investor capital in emerging markets, and we don't know all the potential risks that may emerge from the prolongation of the pandemic in these markets. A prolonged period of economic difficulty for these markets could spell big trouble for fixed-income investors.
For further details see:
India's Warning To The World