"It was clear the market was underpricing the impact of COVID-19," Dymon boss Danny Yong told Bloomberg.
"It was clear the market was underpricing the impact of COVID-19," Danny Yong, Dymon's investment chief, told Bloomberg.. The strategy fueled a 20% gain for its flagship Asia Macro Fund in February, he said. The fund is now up 40% for the year, Bloomberg said.late last month. However, he doesn't expect indexes to fall much further because authorities are plowing billions into their economies.
"This is a health crisis leading to a crisis of confidence, leading to consumption collapsing, demand destruction and then an economic crisis," Yong said in the interview. "I am not that bearish on the financial markets at this level because the central banks have reacted very quickly."
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:
Trump WARN US IS GOING TO FACE A 'LOTS OF DEATHS. IN two weeks COVID19US coronavirus
That's quite the stock photo you got there 🎭
'Education is the most powerful weapon which you can use to change the world.' - Nelson Mandela
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.
Legendary economist Gary Shilling: stock market is far from the bottom - Business InsiderThe legendary economist who predicted the housing crisis says the stock market is probably far from the bottom — in a video interview from his bee yard 'Although cited frequently by various outlets as an expert, his accuracy has been called into question. According to reporting[9] by CBS News, Shilling's predictions were found to have a 38% accuracy rating, much worse than random chance, by an analysis[10] completed by CXO' The real news... As opposed to Corona distraction
Source: BusinessInsider - 🏆 729. / 51 Read more »
These stocks, including Amazon and Hasbro, can weather the pandemic, analysts sayNew for subscribers: These stocks, including Amazon and Hasbro, can weather the pandemic, analysts say Check out CNBCPro and get your first 30 days free. Great insight, the trillion dollar company that is built significantly on their ability to deliver essential goods to your doorstep, will be juuuuuuust fine during a pandemic that has the country in quarantine. Pro has to shall take their supply chain out of China ChinaMustExplain what the hell they did, it doesn’t matter they will just lie ChinaLiedPeopleDied Pro I'm not sure... Amazon prime is now 2-3 weeks for product delivery...
Source: CNBC - 🏆 12. / 72 Read more »