Covid-19 has scraped off the thin, crusty veneer of certainty about robust and ever increasing value in financial markets 🔒 mark_barnes56
Any premature death is a tragedy; it’s not just a numbers issue. It is however not possible that the 864 confirmed cases and 29 deaths resulting from Covid-19 in the US are the sole cause of trillions of dollars in value being lost on US stock markets.
Covid-19 has scraped off the thin, crusty veneer of certainty about robust and ever increasing value in financial markets. In any case, I think listed equities are on their way out as a dominant asset class. It may take a decade, but the capital markets are going off the grid.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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