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Bad COVID news appears to outweigh the good for investors
Dec 21, 2020

Bad COVID news appears to outweigh the good for investors

Markets are down on news of new lockdowns and coronavirus mutations. Plus, what's been left out of the coronavirus relief bill, including direct aid for state and local governments and liability protections for businesses.

Segments From this episode

The near-term coronavirus reality is looking quite challenging

That’s according to Julia Coronado, president and co-founder of MacroPolicy Perspectives. “We have a saying in markets called ‘buy the rumor, sell the fact.’ We’ve been focused on stimulus for weeks and months. Now that we have it, well, actually, it’s not as big as we had expected a few months ago.” Combine that with increasing infection rates, a new, more infectious mutation of the virus in the U.K. and other lockdown news, and you see that there’s no sure bet on the immediate future. Getting to brighter future of widespread vaccination “still brings a lot of bumps along the road, potentially,” Coronado said.

Music from the episode

Intro The xx

The team

Victoria Craig Host, BBC
Stephen Ryan Senior Producer, BBC
Jonathan Frewin Producer, BBC
Daniel Shin Producer
Jay Siebold Technical Director
Brian Allison Engineer
Meredith Garretson Morbey Senior Producer
Erika Soderstrom Producer
Rose Conlon Producer
Alex Schroeder Producer