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The key takeaways for global markets in 2020 – Sydney Morning Herald

A tumultuous year for global economies has highlighted a widening disconnect between Wall Street and Main Street and the dominant market influence of central banks….

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Stocks have established one record after another while economies have had to deal with another wave of COVID-19 hospitalisations and deaths that has surprised most in terms of intensity and speed of spread while complicating the journey to vaccine-induced herd immunity.Explanations
Chasing price action
Unless you are, as I am, a great believer in the overwhelming influence on markets of ample and predictable central bank liquidity, particularly from the Federal Reserve and the European Central Bank,…

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