The ‘everything rally’ gets ripped apart by coronavirus lashing stocks, commodities

  • 📰 nationalpost
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 80%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Traders started the year toasting the highest returns in a decade; they may end its second month drowning their sorrows

Investors who feel like they’ve gone from the best of times to the worst of times in a matter of weeks aren’t far off: .

“Given where we are in markets, given where we are in the cycle in 10 years, anything that’s negative in markets they’re going to jump,” said Philip Webster, director of European equities at BMO Global Asset Management in London. “Investors shoot first and ask questions later at the moment.” These are the big survivors of the everything rally. For much of 2019, U.S. bonds and gold rallied on the back of a central bank pivot toward easier policy at the start of the year. Now, expectations that more rate cuts or stimulus will be needed to combat the impact of the coronavirus are further stoking those kinds of bets.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Coronavirus shows the problem with Trump’s stock market boastingCoronavirus shows the problem with Trump’s stock market boasting GlobeInvestor
Source: globeandmail - 🏆 5. / 92 Read more »