MACROSCOPE: “Relief Rally” could fizzle out as focus changes to economy and earnings
Recent weekends have brought a cascade of bad news centering around the coronavirus, resulting in huge down days for the markets on Mondays. Lately, however, the trend seems to be improving (Figure 1). Monday’s 5% gain for the TSX was its best Monday performance in months, while the S&P 500’s 7% surge was its third-best […]
Read more