If you get a chance, have a look at equity indices in the US, the eurozone and Asia. Broadly speaking, all indices illustrate a V-shaped pattern, although the scope and scale of the V-shape differ depending on the country you are looking at.  The improvement in equity markets is due to two separate, but related factors. First, central banks around the world have eased policy aggressively, which is good news for equity prices. Second, markets have become increasingly optimistic about prospects for a COVID-19 vaccine. More and more, markets have become less sensitive to bad news regarding the pandemic. Despite…

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