U.S. Financial Conditions Are Easing at Fastest Pace in History
- Measure of market health has bounced back to early March level
- Strong second wave of virus ‘could change all this’: Gkionakis
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American financial conditions have loosened at the fastest pace since at least 1990, belying mounting investor skepticism that a V-shaped economic recovery will follow the pandemic-induced crash.
A Bloomberg measure of market health across bond, stock and liquidity indexes has staged a revival like never before -- bouncing back to early March levels, when recorded coronavirus cases globally were around 90,000 versus more than 4.8 million today.