Minack Advisors

Conference call with Gerard Minack

Covid-19 Can Change Everything
  • Near term markets will be in thrall to virus data. Equities now (7 April – these are fast markets) seem to be pricing in a bull case outcome.
  • The virus crisis will potentially bring in an era of sustained fiscal/monetary policy coordination. Helicopters, in short. This has the potential to end secular stagnation.
  • This would represent a sea-change for investors, and change many of the investment themes of the past 20-30 years.