If anyone thought last week’s three days of positive trading indicated a trend reversal, or even more implausibly, an end to the recently launched bear market, they were rudely awakened on Friday. Markets tumbled as the US overtook previous pandemic hotspots China and Italy with the unwanted statistic of having the highest number of coronavirus infections on record. It appears, then, that the new bear market will be around for a while, along with the accompanying bouts of volatility. How long will it last? Impossible to tell, but the new reality means estimates and forecasts have been getting readjusted all …read more
Source:: Yahoo Finance
