The baby and the bathwater: Risk-off dominated global market activity this week as investors dumped every slice of our standard lineup of the major asset classes as of today’s close (Oct 30). You didn’t have to look hard for a catalyst. Start with coronavirus. The news in the US and Europe is turning grim once more. New cases of Covid-19 in the US reached a record high on Oct. 29, raising concern that the winter could bring a new economic and health challenges. Europe’s struggle with the coronavirus is even worse and countries are imposing new restrictions in reaction to a second surge of cases that shows few sign of slowing.
The ETF Portfolio Strategist: 30 Oct 2020
The ETF Portfolio Strategist: 30 Oct 2020
The ETF Portfolio Strategist: 30 Oct 2020
The baby and the bathwater: Risk-off dominated global market activity this week as investors dumped every slice of our standard lineup of the major asset classes as of today’s close (Oct 30). You didn’t have to look hard for a catalyst. Start with coronavirus. The news in the US and Europe is turning grim once more. New cases of Covid-19 in the US reached a record high on Oct. 29, raising concern that the winter could bring a new economic and health challenges. Europe’s struggle with the coronavirus is even worse and countries are imposing new restrictions in reaction to a second surge of cases that shows few sign of slowing.