Economists estimate the global impact of COVID-19 to amount to 3.5 Trillion USD in loss economic output and we believe the markets need to price that in.
Sustained volatility, QE Infinity
The situation remains very dynamic and fluid. Things are changing very quickly day-to-day and we should remain ready to react.
“Be brave, but more importantly, be disciplined.” On the back of this (9thMarch 2020) major market pullback, westillsee potential buying opportunity in tranches while continuing tomaintain focus onour favoredthemesand strategiesfor the year.
We remain cautiously bullishon equities despite the S&P experiencing its worst performing day in 2 years. This provides entry opportunities as the spread of the Coronavirus extends its adverse effects into global markets.