This translation has been automatically generated and has not been verified for accuracy.With one of Wall Street’s wildest weeks in recent memory now in the history books, investors are bracing for more uncertainty and big market swings ahead.
Investors still have little clarity on the possible trajectory of the coronavirus outbreak in the United States, the effectiveness of the government response and the eventual damage the virus will cause to the nation’s economy and individual companies.The White House on Saturday said it would extend a travel ban to include the United Kingdom and Ireland, a move that could further hurt oil prices and airlines already battered by a ban announced last week.
Bernstein said the rush into U.S. government bonds sparked by recent market swings has overstretched the prices of Treasuries, which now sport yields near record lows. His portfolio holds shorter-dated U.S. debt and equities in the consumer staples and health care sectors, among others. They are also warning investors to brace for more alarming headlines concerning the virus’ spread in the United States.
globeinvestor Maybe the g& m should take down this video