by James Rickards
Daily Reckoning
Stocks stumbled out of the gate today, at least partially on fears about a resurgence in coronavirus cases.
South Korea, which did an excellent job containing the virus, has reported a new batch of cases. Japan and Singapore also reported new cases. Infections are increasing in Germany as well, where lockdown restrictions are being lifted.
We can also expect a rise in U.S. cases as several states lift their own restrictions.
From both epidemiological and market perspectives, the pandemic has a long way to go. Its economic effects are already without precedent…