About the event
Financial markets face an important crossroads in the second half of 2020 as clarity related to the paths of the Covid-19 pandemic and economic recovery, the US Presidential Elections, policy stimulus, and US-China tensions begins to emerge.
These realities will be set against increasingly optimistic investor expectations reflected in risk asset prices today. After widespread shutdowns in Q2 2020, we should not be surprised that simply turning the lights on again will inevitably result in an initial sharp spike of growth from an extremely low base. The danger lies in extrapolating this initial sharp bounce to a complete V-shaped recovery.