David Shapiro, Alec Hogg: After Wall Street’s best run in 80 years, what's next for SA?

World markets have suffered as Covid-19 containment measures have shut down economies and, in turn, profit prospects for publicly listed companies. But, in a sudden turn of events, US stocks have been powering up. As BizNews editor-in-chief Alec Hogg notes: Wall Street has had its best two weeks in 80 years. Looking back on the year, US equities are only down 10% and tech stocks by a relatively modest 4%. For stockbroker David Shapiro, although the markets have recovered half of what they lost, making up the missing half could be very challenging. In this podcast, long-standing friends and stock-watchers Hogg and Shapiro discuss global developments, including new information that Covid-19 statistics may be problematic. In this podcast, they also dissect local factors that might play into a domestic rebound, covering terrain from the flaws in applying old-fashioned GDP measures to the contemporary environment as well as how the SA economy might come back to life as lockdown eases. - Jackie Cameron