NEW YORK - Some asset prices are moving together in unusual ways, an indication that investors may be preparing their portfolios for a coronavirus-led global slowdown.
Such synchronous moves are not typical, as investors usually have different reasons for buying each asset class. A bullish bet on stocks, for example, is often a wager on stronger economic growth, while gold and bonds tend to find favor in more pessimistic times. Correlation is measured on a scale from minus one, which represents asset prices going in opposite directions, to plus one, indicating prices moving in perfect tandem.
“Market participants are looking at U.S. assets as a safe haven no matter what asset class,” said Mark McCormick, global head of foreign exchange strategy at TD Securities. That is seen as positive for stock prices, which have been buoyed by years of low rates, as well as gold, which struggles to compete with yield-bearing assets when rates rise. Bonds also become attractive because their prices rise when yields fall.
Everything is “odd” about this virus. Note that the University of East Anglia are fear-mongering today with their “Disease X” theory - yes, the exact same university that was discovered to be fudging climate change statistics back in 2009.
There's always money in the banana stand.
Apparently selling is now considered an “odd market move”.
Markets are finally responding to the looming pandemic.
Consume more coronavirus salad
vs No Today Panic in China - Shanghai Index still Secular Bull Perspective...
special focus on ITALIA BORSA... FTSE MIB - Master Key Level 23.500
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:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coronavirus fears prompt BTS press conference in Seoul to go digital-onlyCoronavirus concerns spur K-pop sensation BTS to hold a global press conference via livestream only on YouTube. 😎😎😎 🔥🔥🔥 ❤️❤️❤️
Source: latimes - 🏆 11. / 82 Read more »
Latest on coronavirus spreading in China and beyondInternational concern about the spread of coronavirus outside China grew on Sund... Must be very contagious I congratulate this Dr's and all medical personel on serving and workind hard against corona
Source: Reuters - 🏆 2. / 97 Read more »
Concern over coronavirus spread grows with cases jumping in South Korea, Italy and IranSouth Korea raised its infectious disease alert to its highest level as confirmed coronavirus cases in the country rose above 600 and the death toll climbed to six Does the coronavirus concern you? Vote on That's bad, may the good Lord help us in this time of trouble Will it be necessary for the president to wear a mask while giving the speech? Maybe in that way, people will truely understand the severity of the current situation.
Source: Reuters - 🏆 2. / 97 Read more »
WHO concerned about coronavirus cases with no clear epidemiological linkThe World Health Organization (WHO) is concerned about the number of coronavirus... They should have been concerned a month ago, their concerns are useless at this stage we’ve just arrived at I’m glad he’s concerned. Now do something about it instead of simply being “concerned”.
Source: Reuters - 🏆 2. / 97 Read more »
WHO concerned about coronavirus cases with no clear linkThe World Health Organization (WHO) is concerned about the number of coronavirus... Yes 👏👏👏 29 million people in the US infected with the flu, 16,000 dead and all I hear about is COVID2019 and the 2,000 people that have died. Worldwide. 16,000 out of 325,000,000 or 2,000 out of 8,000,000,000. Which should I be more worried about. WHO CashGrab
Source: Reuters - 🏆 2. / 97 Read more »
Markets underprice coronavirus risk: UBS chairman on Bloomberg TVMarkets are underpricing the risk that the coronavirus outbreak poses to the glo... That is for MDs to comment on ;) Funny how they shoot out of the blocks and say V shape. Alphabet 🐒s? YES
Source: Reuters - 🏆 2. / 97 Read more »