Market Views – Sell in May?

Sell in May and go away? Amid the current pandemic and economic uncertainty, here are just some of our views given the current situation.

March 11, 2020

US equity futures retreated with Treasury yields as investors awaited details from the Trump administration on planned stimulus measures to counter the coronavirus impact. Asian equities were mixed and the oil price extended rebounds with no clear trigger. S&P 500 futures fell as much as 2.6%, following a strong rebound on Wall Street after Monday’s plunge. President Donald Trump didn’t appear at a briefing on the outbreak after promising a day earlier he would announce a “major” economic package, leaving investors waiting.

February 11, 2020

Asian equities advanced Tuesday after US stocks hit a record high, with most sectors advancing, as investors looked past the potential economic impact of the spreading coronavirus. Shares in Hong Kong, Seoul and Sydney rose with US equity futures. Chinese stocks were little changed. Japanese financial markets are shut for a holiday. Fed Chairman Jerome Powell addresses US lawmakers this week in his semi-annual testimony and markets will be looking for any remarks on the effect of the virus on the economy and monetary policy.

Essential SSL