Financial markets have staged a spectacular recovery from their March 2020 crash based on unprecedented but temporary monetary and fiscal stimulus but also trust that vaccines would eventually eradicate COVID. The forthcoming northern hemisphere winter coronavirus season risks a reset of high vaccine expectations at a time when central banks and governments have already shot their bolt. This time we could have an economic freeze from which markets may not so quickly rebound.
‘Winter is Coming: it now makes sense to hedge’
01 Sep 2021
Posted by Barry Norris