Good morning!
FTSE futures are up at the dizzy heights of 5575 – apparently due to signs that the spread of Covid-19, and deaths associated with it, may be slowing down.
This is the placeholder for your early comments – more to follow.
Cheers
Graham
Covid Thoughts
Wow, it’s a sea of blue in my portfolio today. I’m sure many of you are seeing some recovery shoots, too.
Experienced voices in the investing community have been cautious about the recent recovery, seeing it as a temporary reprieve before the next leg down.
The main factor is clearly the duration of lockdown, and the extent to which economic activity can normalise in the weeks/months ahead.
There are some signs that the panic might recede, for example here are the total UK cases:
That might look very bad, but you need to put it on a logarithmic scale to see the rate of increase (thanks to Worldometer for these charts):
As the logarithmic chart weakens, the percentage increase in cases per day starts to reduce (e.g. the total number of cases increases by 1%, instead of 10%).
Obviously I’m leaving out the fact that
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