04/07
Slow down on new virus cases, shown on John Hopkins Univ COVID-19 map, gives stock markets another +600 DJIA points as of now. Including yesterday +1600 points of DJIA, it forms strong V-shape rebound with about +30% gains from recent bottom.
It means that the worst might be over for corona virus for this time as the first wave of attack. However, virus problem is far from over as Japan, India. Brazil, Russia and many south east Asian countries are still rising up. China could also show problem of second wave of widespread.
But, US stock market participants cannot wait settle-down. So, short-term momentum is on the upside.
There are so many unknown results on economic impact after post-pandemic era. Only thing we know is that high volatility will stick with us for near future.
