Stock Markets: When will the second tsunami wave come? Video outlook (german)

The stock markets were euphoric again yesterday. It is believed that the economic consequences of the coronavirus for western countries will be limited. Either way, the central banks would fix everything, as China’s central bank has done in recent days, is the mantra. But can central bankers also print away an epidemic with a subsequent economic standstill? Probably not. On Friday the stock markets sold off. Monday and yesterday the sharp counter-rally (Nasdaq with a new all-time high and 16% above its 200-day line). The belief that all is well again is likely to suffer at least one more severe setback. Thus, after the Friday sell-off, a second tsunami wave is rolling towards the markets. When will it arrive?

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