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European Wrap – COVID, Oil, Gold, Bitcoin
Too soon to celebrate? Stock markets pulled back on Monday as reports of second waves of the coronavirus appeared to unnerve investors. Of course, it’s early in the week and there was relatively little else happening which always makes me trust the moves a little less but a second wave in China, South Korea and Germany could be a huge deal. This entire rebound has been predicated on two things, enormous monetary and fiscal stimulus, and the anticipated emergence from the lockdown. This would be a real blow just as many countries are starting to lift restrictions. Let’s see how the next few days go. It’s easy to ... (full story)
