Economics
Six Strategists on What’s Next for Markets as Virus Fears Spread
- China ‘is going to take a notable hit,’ says Reid at Deutsche
- Juckes at SocGen sees more reason for central bank dovishness
This article is for subscribers only.
China’s deadly virus has delivered a lesson in humility to the prognosticators on Wall Street, as hard-to-price market risks challenge projections for 2020.
With fears growing over the economic impact of the spreading illness, investor nerves were on full display in Tuesday’s choppy trading. The announcement of further curbs on travel between China and Hong Kong derailed an equity rebound and sparked another dash into bonds -- before a risk-on reversal.