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Investors pricing in a perfect recovery from Covid-19 risk a rude awakening

It is safe to say that not a single investment strategist foresaw how 2020 would play out. It is also clear that even if analysts had known a year ago that the world was about to be hit by the most severe pandemic in a century, very few would have accurately predicted where markets have ended up this year.The challenge facing prognosticators and commentators is not just to pinpoint key trends and events that will influence the direction of markets, but, more importantly, to predict how asset…

Read the original article at South China Morning Post

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