US markets haven't priced in a 'significant second wave' of coronavirus, says Citi Private Bank
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Summary
that clearly is not priced into the market," David Bailin, the bank's chief investment officer, told CNBC's "Squawk Box Asia.""The other thing that may not be priced into the market is the fact that this virus may take another 18 to 24 months to really cycle through the globe, and ultimately have a vaccine," he added.The coronavirus pandemic has infected over 2.4 million people globally, with the U.S. reporting the highest number of cases worldwide — around 760,000, according to data compiled by Johns Hopkins University.The rapid spread prompted states across the U.S. to impose lockdown measures of varying degrees, which caused unemployment to spike as businesses struggle to stay afloat.
As said here by Yen Nee Lee