The stock market has been on a roller coaster ride in the last few months. There are gems that are weathering the turmoil caused by COVID-19, and there are also many sectors such as tourism, aviation and F&B that’s finding it tough to avoid bankruptcy.
On 16 Apr 2020, U.S. President Trump proposed guidelines under which U.S. state governors can act to revive the U.S. economy from its coronavirus shutdown.
“A prolonged lockdown combined with a forced economic depression would inflict an immense and wide-ranging toll on public health,” Trump said, adding that social vices such as drug abuse, alcohol abuse, and suicide will be on the rise. Trump is pushing to get the U.S. economy going again after the coronavirus shutdown left millions of Americans unemployed. More than 20 million people have filed for unemployment in the U.S. in March 2020 and over 90% of the country have been under stay-home orders. Look no further than China to try to understand the recovery trajectory. Chinese stock markets rose sharply after impressive trade data in March. Chinese stock markets are outperforming the global stock markets this year. After all, China has resumed business operations. The recovery has been swift and sharp. Many MNC execs are offering upbeat view of second-half recovery from COVID-19 pandemic. The world should be much better prepared to test, identify and isolate the virus. With valuable lessons learnt from tackling the pandemic, the world will enter an improving global economy with lower unemployment, better insurance coverage and higher procedure capacity than what has been or will be experienced at the peak. Do you have your financial warchest ready or will you risk being blindsided by the stock market uptick?
“A prolonged lockdown combined with a forced economic depression would inflict an immense and wide-ranging toll on public health,” Trump said, adding that social vices such as drug abuse, alcohol abuse, and suicide will be on the rise. Trump is pushing to get the U.S. economy going again after the coronavirus shutdown left millions of Americans unemployed. More than 20 million people have filed for unemployment in the U.S. in March 2020 and over 90% of the country have been under stay-home orders. Look no further than China to try to understand the recovery trajectory. Chinese stock markets rose sharply after impressive trade data in March. Chinese stock markets are outperforming the global stock markets this year. After all, China has resumed business operations. The recovery has been swift and sharp. Many MNC execs are offering upbeat view of second-half recovery from COVID-19 pandemic. The world should be much better prepared to test, identify and isolate the virus. With valuable lessons learnt from tackling the pandemic, the world will enter an improving global economy with lower unemployment, better insurance coverage and higher procedure capacity than what has been or will be experienced at the peak. Do you have your financial warchest ready or will you risk being blindsided by the stock market uptick?
