Hi, it’s Paul here, with the SCVR for Tuesday. Estimated timings – most of the report is ready for the 1pm email, but I’ll keep going until about 4pm with extra sections. Market thoughts As always the macro/virus picture is very uncertain, and I’m constantly grappling with this, as I’m sure you are too. How do we balance up catastrophic short term economic damage, offset by unprecedented Govt support amp; stimulus? Lockdown is far too expensive (in economic amp; human costs) to continue, as shown in the recent OBR report. There’s big potential upside if/when an effective treatment, and then probably later, a vaccine, is created. There’s big downside potential, if/when subsequent waves of the virus happen before there’s a treatment for it. It’s all down to timing really. Nobody knows with any accuracy how this is going to pan out, hence why I am wary of anyone that expresses their views/predictions with too much certainty. It’s not “will”, it’s “might”. In the shorter term, now that the virus seems to be peaking amp; starting to reduce in many countries, then that is increasing demands for lockdown to at least be eased in stages. I’ll be closely…
Disclaimer: Please note all prices are for information only, they should not be relied upon for accuracy or trading. All prices quotes are based on CFD prices and are similar though not always identical to real exchange prices. STOCKTRKR or anybody connected with STOCKTRKR will not accept any liability for loss or damage arising from use of any information/commentary/charts or articles which is provided 'as is' for educational purposes only, nothing contained on this website should be considered as investment advice - please seek proper investment advice from registered financial broker or institution if you wish to trade on global markets and ensure you are familiar with the risks.
