Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., March 17, 2020.The stock market has absorbed a barrage of negative headlines since the start of the COVID-19 pandemic, leading to spikes in volatility.
Rather than sell into volatility spikes, investors should "harness" market turbulence to their advantage and defensively buy stocks, UBS said.Visit Business Insider's homepage for more storiesThe stock market has been on a wild ride so far in 2020, as it has absorbed a barrage of negative headlines since the outbreak of the COVID-19 pandemic and the ensuing economic damage.
The firm said to prepare for more negative headlines throughout the rest of 2020 due to the likely lingering of the COVID-19 pandemic, US and China trade tensions, and the 2020 US presidential election.this week's jobless claims number With both the economic recovery and negative headlines likely to persist, according to UBS, investors should "harness market turbulence to enter defensively" instead of "shying away from volatile markets."
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