The carnage in stock markets is getting uglier by the day. Should you"buy","sell" or"hold" on tight?
The sector had an"8per cent implied upside potential even in our downside scenario," a note from the bank said. "We do use sell side inputs for particular things, but have our own research strategists and we do a lot of modeling within the team," said Justin Onuekwusi, portfolio manager at Legal & General.
Interest rate cuts, cash injections, and the prospect of government stimulus haven't prevented US$21 trillion being wiped off global equities' value.
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