Steve Sosnick, Interactive Brokers’ chief strategist, explains the market term “black swan” and if the coronavirus fits the description.
With the outbreak causing various global impacts, investors may see some sell-offs. He recently covered this topic in a Traders’ Insight article: Contagion!
Photo Credit: Purple Slog via Flickr Creative Commons
Currencies of countries with the flexibility to implement fiscal or monetary stimulus in response to this shock are likely to outperform after the initial market turmoil.
By Tuesday’s close, all three averages were down 3 percent on the week, and the S&P had given up its post-election gains. Stocks fell as tariffs affected Canada, Mexico, and China. Each country announced retaliatory tariffs of their own, further fanning inflationary fears among investors.
Retirement brokers will need to meet fiduciary standard with clients
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