After one of the worst months and quarters in years, April saw a sharp rebound in equity markets as some of the worst-case COVID-19 scenarios did not materialize.
Though far from certain, it appears that the worst of COVID-19 MAY be behind us, and perhaps the worst of the stock market correction is behind us as well. The two are clearly closely related. Neither the virus nor the market will improve in a straight line, and fits and starts should be expected. That being said, there may be some light at the end of the tunnel.
The blues have hit the bond market, but we believe current dislocations can create opportunities for active managers of individual bond portfolios.
The outbreak of the coronavirus has turned the world upside down. Read Chief Investment Officer Sean Clark’s insights on navigating the markets in the midst of many unknowns.
In attempt to go all in, the Federal Reserve cut rates on Sunday night to the lower bound, 0-0.25% and announced a $700 billion Quantitative Easing (QE) program.
Stocks were hit hard yesterday as coronavirus fears spread, oil prices plummeted, and uncertainties on the political front continued to linger.
Coronavirus fears hit the markets as concerns mount that the virus is now accelerating outside of China with cases growing in South Korea, Italy, Iran, and the United States. Panic set in during Monday’s trading session with the major U.S. stock indices all down over 3% with more than 90% of total volume being to the downside, and the CBOE Volatility Index surging nearly 50%.
The World Health Organization has declared the coronavirus a public health emergency. How have past health epidemics impacted the markets? Read Chief Investment Officer Sean Clark's insights.