This Isn't March All Over Again, but It Feels Familiar

·2 min read

Many market players were puzzled by why there was no reaction in the U.S., but they just shrugged and continued to stay long. The market has not been too concerned about the recent growth in Covid cases in Europe and the U.S., but it mattered today when both France and Germany announced economic lockdowns. European indexes dropped sharply and U.S. stocks took a hard hit.