Stock market eyeing economy reopening, not virus-related data: Chris Wood

Global equity markets are eyeing reopening of major economies across the globe rather than virus-related data, said Christopher Wood, global head of equity strategy at Jefferies in his weekly note to investors, GREED & fear. As regards the United States (US), Wood expects a gradual opening up in May.

“The stock market, in GREED & fear’s view, is now more focused on news on re-opening than on the virus-related data, be it cases or deaths. May is going to be when there will be a staggered process to start opening up the American economy. Because of America’s federal constitution this