How are your responses to major players in the financial industry such as Bank of America, Citigroup, Wells Fargo and JP Morgan Chase & Co have cumulatively set aside $33bil as hedge against soured loans in the second quarter? It is very telling to see that the far reaching effects of the pandemic could be yet to come.
Whilst some countries have been successful in curbing the number of new cases, whilst others such as US and Australia have not – we have to be mindful that the Covid virus has set a domino like effect into every sphere of society. Regardless, let us continue to look for and mine the opportunity in every situation – and have a GREAT trading week ahead! All the best, us!
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