Government COVID Economic Stimulus

Henry James International Management June Market Commentary

In last month’s market commentary we indicated that the global economy was beginning to rebound nicely and that we expected that the communications, technology, software and pharmaceutical industries to drive the markets upward and catalyze a global rebound. While this has been true, there is one item we missed: the spark of growth facilitated by the humble and inexplicably polemical facemask. It is not the production of facemasks that is important; rather that the countries whose citizens more steadfastly wear them that are seeing abating infections who are subsequently in a position revitalize their economies through production and consumption.