The surge and pause explained
recent global market movements have shown that the most dangerous moment is not when shares hit rock bottom. It is when shares recover, and the momentum cannot be sustained.
Global markets started to climb at the end of May following the rout earlier in the year and continued their remarkable recovery into June. At the end of the month markets started to reflect daily record losses again as the fears of a second wave of the pandemic later in the year overrode optimistic views
