Although financial markets are behaving as if the pandemic is already behind us, the real world is still in the midst of the pandemic emergency

With all companies in the US having reported their 3Q earnings, it is now possible to analyze what was the impact of the pandemic “first wave”

After the big decline due to the initial development of the pandemic, equity markets have not continued following the trajectory of daily new infections

The massive monetary and fiscal policies enacted are restoring stability to the global economic cycle

Markets and global economies: all the fiscal and monetary measures will be an important stimulus for the ensuing recovery

The future path for Risk Assets for the remainder of the year based on the possible evolution of Coronavirus contagion

Once again, the fate of financial markets will be determined by what will happen in the USA, both from a monetary and fiscal point of view, but above all by the evolution of the Coronavirus contagion

Over the last few years global economic growth, notwithstanding various rounds of monetary interventions by the major central banks, has been modest and fragile

Economic and market outlook for 2020 around the globe

The role of Central Banks intervention is not as deterministic as market participants believe