Risk assets soar as coronavirus cases reach a new record

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Investors trying to find a negative correlation between stock market performance and Covid-19 infections are having a difficult time. There doesn’t seem to be one at the moment and that’s evident in today’s robust rally.

Sentiment remains bullish despite the many question marks around economic prospects over the medium and long term. We may have seen a positive rebound in several releases of economic data over the past couple of weeks, especially the surprising 4.8 million addition in US jobs, but the rise in Covid-19 cases has begun to force a number of US states and some other cities… Read More:

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