David Shapiro, stock market expert: How to catch a ride on upside of Covid-19
David Shapiro, a closely followed stockbroker, and his long-time pal Alec Hogg, BizNews founder, pick up on the stock markets β in particular how best to catch a ride on companies that have thrived in the era of Covid-19. In this interview on Rational Radio, the two stock market experts explore what's happening in markets in South Africa and elsewhere with a view to identifying the best investment opportunities and pick up on Covid-19 vaccine developments.
Right now there's lots of confusion in South Africa. David Shapiro, markets, help us through, what's happening?
We are holding. Talking from a global perspective, markets are holding up very well. A lot of the reason is that more stimulus packages are expected in the US, and it's likely that the European one will be passed either today or by the end of the week. That Denmark, Austria, Netherlands and Sweden, who are known as the Frugal Four, have actually conceded and there will be a package. It's quite a large package in terms of grants, something like β¬300 billion and there'll be loans as well.
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