Whew, what a market rout. I'm glad I sold more than half of my equity funds last Friday, but I wish I'd sold them all. On the one hand I feel like the market's overreacting, but on the other maybe they'd previously been priced for a spotless shining future?
And all that is without any confirmation of community spreading in the US. What will happen to equities if hospitals in NYC start to reach capacity?
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Yeah. I see a whole lot of serious seesawing over the next couple of months, while the overall shape of the spread (big overwhelming spike vs. gradual / manageable) slowly comes into focus.
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That sounds right. In a similar timeframe, we’ll also learn whether China’s ongoing efforts to revive its manufacturing output have succeeded.
End of conversation
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