Hello Pynk family
Who’s been enjoying the convenience of having the news feed feature on Pynk 2.0 keeping them up to date with goings-on in the financial sector?
One of the most interesting ones from today is a comparison between the US and Sweedish stock markets in the recovery from coronavirus.
As we all no doubt know by now, both countries have had a diametrically different approach to their COVID-19 response. Sweeden opted not to lock down and simply to ask citizens to socially distance, because of this much of their workforce and schools have remained unaffected. Conversely, in the US they had a much more (some might say) draconian approach, locking down and shutting up shops and businesses.
As these two, very different approaches start to play out across the respective financial sectors, we start to see a better picture of how it is affecting each country. What do you think Pynksters?
Would you have been happy with the Sweedish approach - remember hindsight is a wonderful thing? Or are you more amenable to the lockdown approach taken by the US (and indeed, most Countries)?
What does the data tell us and what lessons are here for us considering a potential, second wave?