‘Expect more’: that’s the message from a growing number of governments about the outbreak of the coronavirus. This increases the odds of early containment, limiting the wide-scale spreading of the virus, but the downside of this approach is that it will impact the global economy as business and consumer spending slows. Although chances of near-term recession may increase, a significant amount of activity is likely to be recouped once the virus is contained. Looking at recent developments, however, we are further trimming the weight of equities, holding onto our underweight in high yield bonds and favoring US duration over Eurozone duration.
As a senior portfolio manager I use charts to illustrate financial issues every day. I tweet my favorites as @jsblokland and was named 'one of the 50 most important people for investors to follow in 2018' by MarketWatch.
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