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Downturn and recovery – how the economy and markets can respond to the pandemic
Precipitous falls on global markets have been followed by thrilling bounces, while economic data is weak and getting weaker. Australia has so far avoided the worst of the health crisis, but its economic fortunes appear much less optimistic, with predictions of recession and even depression. So are share markets looking complacent?
InvestSmart’s Chief Market Strategist Evan Lucas shares his insights on:
- How often bear market rallies are followed by further falls
- Recent volatility and its historical context
- Likely outcomes for unemployment, exports and consumption
- Long term behavioural changes post the Covid19 shutdown, and
- U, J, V shaped recoveries, and what this means for the sharemarket.
