Peter Cardillo on Global Market Trends | ET Now

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Peter Cardillo on Global Market Trends | ET Now

Chief Market Economist of Spartan Capital Securities Peter Cardillo joins in a conversation with ET Now to discuss the current market trends of US and Europe with the ongoing covid19 situation. As a second wave of the coronavirus impact is expected to hit us soon, Cardillo discusses the actions of the markets at present and states that a sharp sell off was recently witnessed in the last trading session as S & P 500 fell 3.5% for its third straight negative session while Nasdaq suffered a slightly larger loss at 3.7%. Furthermore, South Korea suffers high losses with Kospi falling by 1.78%. Cardillo states that all these losses are a cause of great worry for investors.