Covid variants + long wait for vaccines = trouble in emerging markets

Author: Adam Button | Category: News

Look at this chart from India

Look at this chart from India

From the outset of the pandemic, one of the great fears is that covid would take hold in a crowded, impoverished place like India.

The country has done a remarkable job of containing it so far but that appears to have changed with the new variants. That is a terrifying chart showing more than 150,000 new daily cases.

There are troubling trends in Southeast Asia as well, with cases spiking in the Philippines.

The question for markets is: Do they care?

We've seen time and time again that the market is able to look through covid and towards vaccines and a re-opening. That's a tough paradigm to bet against. Adding to it is more proof in Q1 that economies are getting better at adapting to the virus.

But geez is that ever a scary chart.

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