Chief analyst of Alpho Milsoh Pham described how markets were managing the period of coronavirus crisis. According to Alpho broker, it could mean the so-called “lull before the storm”.
His analysis was shared by different media worldwide :
Have stocks reached the bottom or will they drop deeper?
How are stock markets managing right now? In the middle of April, American stocks appeared in highest values since March 2020. A reason for the growth could have been some good news on potential Covid-19 drug being developed by Gilead Sciences, an American biopharmaceutical company. Other positive impulses were undoubtedly the Fed's bond-buying stimulus and $2 trillion stimulus package released by Trump’s administration. In March, the European Central Bank announced extensive stimulus package and informed of assets purchase in the amount of €750 billion. Yet, the question is – how long will the economic packages support investors?