The Investment Implications of a Rolling-Wave Pandemic

Published: June 29, 2020, 3:52 p.m.

b'In the week ahead, as has been the case for most of the year, markets will likely take their cues from medical rather than economic data. The key question is whether America will see a second wave in the Covid-19 pandemic.\\xa0 The answer to that question has, of course, profound human and social consequences.\\xa0 However, it also has implications for the economy, for fiscal and monetary policy, and, ultimately, for investment strategy.'