- Citi strategists have suggested that the rally is nothing more than an “aftershock” and is not underpinned by volume or any guarantees of an end to the outbreak.
- Jimmy Conway, head of EMEA equity trading strategy, told CNBC Tuesday that there would likely be some “some pretty horrific” cash flow numbers in the next wave of corporate earnings that the market is not pricing in.
Global stock markets have started this week with a bounce, as hopes that the coronavirus pandemic may be peaking drove investors back into risk assets following a historic downturn.
However, Citi strategists have suggested that the rally is nothing more than an “aftershock” and is not underpinned by volume or any guarantees of an end to the outbreak.
Elliot Smith | CNBC