(11 JUNE 2020)DAILY MARKET BRIEF 1:Worst nightmare becomes reality.

<p>Investors’ worst nightmare becomes reality with news of a second wave of contagion hitting the wires in the US. According to Bloomberg, Florida reported the highest number of new cases in a week and hospitalizations in Texas surged by a record 6.3%. Meanwhile, the WHO warned that the persistent rise in Latin America is a cause for concern. If investors start jumpshipping on news that a second wave would lead to another period of confinement and economic shutdown, then the global stock markets would be hit by another wave of a severe sell-off. This time, however, the dip could be limited as those who regret being too skeptical regarding the Federal Reserve’s (Fed) capacity to resuscitate the market and missed the latest rally, would probably take the second chance to join the party without too much hesitation. In this respect, the Fed announced yesterday that the near-zero rates and white check for asset purchases would be kept at least through 2022. For now, the Fed will continue buyin</p>