20 Oct Science and medicine appear to be getting the upper hand of coronavirus – implications for investors
Key Points:
- There are increasing signs that science and medicine are getting the upper hand against coronavirus: new global cases are in decline; vaccines are working; half the global population and 73% of Australians have had at least one vaccine dose; and there are more treatments for coronavirus.
- Key to watch will be whether hospitalisations in response to any resurgence in cases remains subdued.
- Coronavirus coming under better control means a continuation of the economic recovery and supply constraints starting to come under control both of which are positive for shares, although the latter will take time.