Greetings,
United States: The impact on household net worth has been much less severe in this recession than after 2008. That’s mostly due to the stability of the housing market and the rebound in stock prices.
Equity price gains, in particular, should boost consumer spending. While it’s mostly the higher-income households that own stocks, they also represent a large share of total consumption.
Eurozone: Speculative accounts have been increasing their bets on the euro.
China: The stock market has recovered most of the crisis-related losses.
Alternatives: This chart shows the current private equity dry powder by fund vintage year.
Equities: Companies have been revising their earnings forecasts higher.
Food For Thought: Americans’ views on the COVID-19 disruption:
Edited by Daniel Moskovits
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