Economic figures are just starting to come out now and they're likely to be the worst in history across most sectors and across global markets. I don't think the market has factored that in with the recent gains. And things are likely to worsen before they improve.
History tells us that after crisis events like this one, the market tests the lows again before recovering and that recovery can take years. The optimism in the market at the moment doesn't match reality, it's likely to retract again before starting the long climb back.
The US is erratic in their management of the crisis and it's highly likely they will see extended effects from the virus and we follow the US markets to a large degree.
All this is just my opinion, take it with a grain of salt.
WEB Price at posting:
$2.76 Sentiment: None Disclosure: Not Held
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