St. Gotthard Fund Management perspective on the current financial market situation.
In this issue, besides giving our view on gold and the oil market, we touch upon the prospects for equity markets after the rapid recovery of the past weeks. The gap between the real economy (experiencing the worst unemployment rate since the Great Depression) and financial markets (with global equities at mid-2019 levels again) is enormous. We do not share the optimism that most of the bad news is already behind ourselves and we can make out a number of signs that hint at weak stock markets ahead. Read more in our House View.