WeekWatch for 15th June 2020
Balina Rai (Dhesi)
![Balina Rai (Dhesi)]()
Balina Rai (Dhesi)
Wealth Management Consultant at Lawrence Neil Wealth Management Limited
Most financial traders barely last in the job five years, and little wonder, given the stress of following every pitch and heave of the market.
They’ve had it even worse in recent weeks. First, lockdown precipitates a crash on markets. Then leading governments unleash a fiscal bombardment, markets start to rise, aided by a heartening US payrolls report. But last week, the chair of the US Federal Reserve acknowledged that the Fed doesn’t expect a full-blown economic recovery any time soon, and markets started to slide once again; or, to put it another way, US stocks dropped 34% between 19 February and 23 March, then had risen 40% by 4 June. Last week, they started to slide again.