Cyclical, Value Stocks May Gain as Virus Fears Wane: UBS

The video discusses the impact of geopolitical risks, such as US-China tensions, on market reactions. It highlights how equities are currently resilient despite these risks. The focus then shifts to the relationship between lockdowns and virus transmission, suggesting that mobility data shows little correlation with virus spread. The possibility of modified herd immunity is considered. Finally, the video explores the potential for further equity market gains due to central bank and fiscal stimulus, with a focus on cyclicals and value stocks.

What are the implications of potential herd immunity on the concerns regarding a second wave of the virus?

In what ways could central bank and fiscal stimulus impact equity markets moving forward?