Weekly Wrap by Pythagoras Investing: 21 June 2020

Financial markets are paranoid about an acceleration in new coronavirus cases, driven by the concern about a larger and longer global recession than expected.  This concern was sparked by outbreaks in Beijing, Tokyo and the continuation of problems in US. Therefore, the market recovery is based on a reduction in social distancing practices but not…

Weekly Wrap by Pythagoras Investing: 14 June 2020

Oil had its first weekly decline in over a month, dragged down by the broader selloff. OPEC confirmed a continuation of supply cuts with “overproducing nations” forced to pull back production into the future.  This will stop the downward pressure on price which existed 6 weeks ago. At the same time, we have the start…