You will be able to download all slides in power point for this report
and all data is available excel

Markets on QE steroids and diverge from economic realities

But so far FED measures included broad market tools and no specific bailouts of financial or industrial institutions

No confidence that we have already seen the trough but cautious sector picking may be intact

Trend set by new reality is social distancing

More broader trend set by new reality is deurbanisation

And an intermediate process of suburbisation

While more developed countries have all seen these processes some emerging markets are still in defarming mode

Defarming and urbanisation have brought most of the economic wins in the past 300 years and especially in the 20th century.

Dedefarming could mean economic implosion, but this could be a secular new trend

Deurbanisation or disurbanisation and economic implosion could clean up the economy of unneeded parts such as oil and gas, excess logistics and transportation

Economic implosion could lead to emergence of services with less handmade products and services

Besides economic rebalancing - political rebalancing is intact

So far we have seen a drastic peak in nationalism and disglobalistion as citizens flock to their original countries.

More acquisitions that virus was manmade will lead to new escalation between the US and China and more polarization hearting international trade

So international trade will be under pressure anyway while economic pressure could provide ideas for new ways of international trade and travel

Virtual communications have already substituted lots of legacy business process

But businesses are losing benefits and synergies of personal communication

The same trend is in politics with virtualization of country leadership, election process and governments

It may as well all go back to normal in the end of July with countires unlocking from quarantine, but the after taste will permanently install some of new trends