How did rising coronavirus cases catch investors by surprise?


US stocks close down 3.5% as Covid concern mounts

FT 28 October 2020


https://www.ft.com/content/617f7ad3-6831-4e47-b66a-3efccd1972a6



But the pandemic never went away, and the threat of an autumn rebound in cases as cooler weather returned was long identified as a potential risk. 


That’s far from a black swan, an improbable and unforeseen event that has an enormous impact.


So why do investors seem surprised?


https://www.marketwatch.com/story/why-stock-market-traders-got-surprised-by-the-jump-in-covid-19-cases-11603905496


 

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