Fund managers looking at medical tests, Europe, for signs U.S. economy can reopen [Reuters (UK)]
ROYAL BANK of SCOTLAND (RBS)
US:NYSE Investor Relations:
investors.rbs.com
Company Research
Source: Reuters
Fund managers looking at medical tests, Europe, for signs U.S. economy can reopen - Reuters 5 Min Read NEW YORK (Reuters) - Some investors are wary about buying into a recent stock market rally. Even with hopes for a quick reopening of the economy, they want more evidence that the United States will not restart, only to have to fall back under another coronavirus lockdown soon. The benchmark S&P 500 is up more than 25% from its March lows thanks to a combination of extraordinary intervention in the bond market by the Federal Reserve, a $2.3 trillion stimulus package passed by Congress and signs that the rate of infection in hot spots such as New York City is slowing. Those developments have led some analysts and investors to anticipate a reopening and forecast that the market has seen the worst of the selling. However, other investors say that they will not believe that the U.S. economy can safely reopen until there are more medical reassurances put in place, ranging from widespread t
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