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Amidst the gloom and doom, the market's exuberance is confounding

For the sake of context, the financial crisis of 2008 had seen the S&P 500 fall by more than 50 per cent from its peak

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There are several reasons why Mr Market’s enthusiasm has not turned to despondency in the face of this pandemic. While some are more plausible than others, each has a role to play in perking up Mr Market’s spirits.

Diva Jain New Delhi

5 min read Last Updated : May 02 2020 | 10:30 PM IST

The Covid-19 pandemic has upended productive activity and sent shockwaves throughout the global economy. Millions have either lost their jobs or are expected to face untold hardships in the coming months. Supply chain disruptions and health care constraints have heaped further pain and misery on distraught societies caught unawares by the virus.

Most major economies are expected to contract sharply in 2020 and contours of the post-Covid world are far from clear. Amidst this gloom and doom however, one phenomenon has confounded many observers. The major financial markets across the world seem to be relatively sanguine about the fallout of

Topics : Coronavirus Global Markets Indian stock market 2008 financial crisis Indian Economy stock market trading market liquidity Reserve Bank of India RBI liquidity crisis global economic crisis US recession US Federal Reserve Jerome Powell US economy BSE-S&P Dow Jones S&P BSE Sensex Earnings growth behavioural economics consumer sentiment Global stock markets

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