US: A peak in new coronavirus case growth seen 3-4 days ago – JP Morgan

In the view of Marko Kolanovic, a quantitative strategist at JPMorgan, they have seen a peak in the new case growth of coronavirus in the US.
Key quotes
"We believe we've seen a peak in new case growth in the US 3-4 days ago.
Deaths will peak in about a week.
So, we look for a limited reopening of the economy in 1-2 weeks.
We think we will be able to recover the losses in equities sometime next year."
Author

Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
















