“As the Coronavirus has continued to spread rapidly, the full scale of the risk to the global economy has hit markets with rarely seen violence: the speed of the sell-off in equities and “risky” asset classes has only been matched by the rise in price of safe haven assets such as US government bonds or Gold.
As always in a market crisis, the unknown factors lead to asset price dislocation as well as extreme volatility, which in turn lead to irrational behaviour and lack of long-term perspective.”
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