As the second half of the year beckons, the management of the ongoing pandemic has reached a crossroads. Fiscal and monetary support measures of record magnitude have kicked in to take care of the economic distress caused by lock-downs. Additionally, there is general understanding on how to deal with the pandemic; a "hammer and the dance" strategy is likely to remain in place around the world until an effective vaccine is found. For markets and policy makers, what lies ahead? Having run-up furiously in recent months, do asset prices have any further upside left? Do policymakers have anything more up their sleeves? We examine all this and more in our July 2020 Monthly Macro Insights Livestream.
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