In this paper, we describe the growing risk of a second COVID shock due to the increased probability of the emergence of an escape variant of the virus.

Using causal links learned from the first shock, we analyze the way the market reacted over time to the pandemic, and the differential impact of a second shock on the different sectors of the economy.

The paper demonstrates the type of analysis and forecasts which will be needed to protect a portfolio against such risk.

To read the full whitepaper, click here.