/perspectives/media/coronavirus-impact-on-markets-and-the-economy

Coronavirus’ Impact on Markets and the Economy

Scott Minerd, Chairman of Investments and Global CIO, explains on CNN why the market’s sudden decline on news that the virus had spread to Europe may be just the start of a more severe downward move.

February 24, 2020

 

Key Takeaways:

  • The coronavirus could trigger a market selloff of 20 percent from the highs.
  • Market valuations resemble those in the internet bubble in 2000.
  • The Federal Reserve’s commitment to providing liquidity will only inflate asset prices further.
  • The coronavirus is just one of many pins that could prick today’s bubble.
  • Policymakers must act now to shore up confidence in their ability to handle the virus.
 

FEATURED PERSPECTIVES

November 06, 2020

Opportunities in Credit Amid Challenging Conditions

Credit spreads still have room to tighten, but default risk remains elevated in certain sectors.

October 22, 2020

In the Eye of the Storm

The relative calm we feel in the markets right now isn’t the end of the storm, it is just the eye.

July 29, 2020

China Matters More Than Ever

Cooperation and understanding between China and United States is vital as global economic and environmental challenges mount.


VIDEO

Third Quarter Outlook 

Third Quarter 2020 Outlook

Brian Smedley, Head of Macroeconomic and Investment Research, and Portfolio Manager Steve Brown share their outlook for the third quarter 2020.

2020 Macro Themes 

Macro Themes for 2020

Brian Smedley, Head of Macroeconomic and Investment Research, discusses major trends likely to shape markets this year.







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