Markets rebounded last week after central banks and governments took steps to limit the coronavirus fallout, but we are by no means at the end of the crisis, according to Ewout van Schaick, head of Multi Asset. Earnings estimates have probably not sufficiently priced in profit declines and changes in dividend policies are likely to be negatively received by the market. A real turn in the market will require a real turn in the problem – in the form of a new medicine or vaccine, or a at least some visibility that we will return to normality in the next few months, Van Schaick says in our latest podcast. “Until then it’s very difficult to see an end to the huge volatility in the market.”