Fear of a second wave is getting a hold on the market

Stockmarkets wobbled after Covid-19 began to make a comeback in many US states. John Stepek looks at what it means for you as an investor.

Drive-in coronavirus screening in Florida © Octavio Jones/Getty Images
Covid-19 has flared up again in the US © Getty
(Image credit: Drive-in coronavirus screening in Florida © Octavio Jones/Getty Images)

Good morning. I hope you had a lovely weekend, and took some time out to cavort in your local swamp. Seriously, that’s how The New York Times reported on Britain’s post-lockdown antics this weekend.

Apparently, the British "descended by the tens of thousands on Britain’s southern beaches and jammed into city parks. They cavorted by the hundreds in swamps and streams."

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John Stepek

John Stepek is a senior reporter at Bloomberg News and a former editor of MoneyWeek magazine. He graduated from Strathclyde University with a degree in psychology in 1996 and has always been fascinated by the gap between the way the market works in theory and the way it works in practice, and by how our deep-rooted instincts work against our best interests as investors.

He started out in journalism by writing articles about the specific business challenges facing family firms. In 2003, he took a job on the finance desk of Teletext, where he spent two years covering the markets and breaking financial news.

His work has been published in Families in Business, Shares magazine, Spear's Magazine, The Sunday Times, and The Spectator among others. He has also appeared as an expert commentator on BBC Radio 4's Today programme, BBC Radio Scotland, Newsnight, Daily Politics and Bloomberg. His first book, on contrarian investing, The Sceptical Investor, was released in March 2019. You can follow John on Twitter at @john_stepek.