The economic impact of the Covid-19 has been severe. Yet stock markets have staged a rapid recovery even as data continues to be poor.
‘It seems like the market is saying that by this time next year we should be largely all sorted out and things will be back to normal,’ said Adriaan Pask, CIO at PSG Wealth. ‘I think it’s unlikely.’
In this short video, Pask and Victoria Reuvers, MD of Morningstar Investment Management South Africa look at valuations in the US and how they are viewing them.
Click below to watch the video.