SUMMARY. The virus remained center stage in the media this week as cases & deaths increased further. However, the focus continues to be on monetary policy response to offset thus why the virus impacts are being largely ignored despite the very real potentially negative economic impact. The question is whether that impact is contained within 1Q20 or continues thru 2020 which is what the massive money printing is aimed to contain. Containment appears difficult and signs of a vaccine are potentially the signal for the world economy to resume growth.
INVESTMENT IMPACT. Conservatism still reigns across our model portfolios as we maintain high cash/bond levels. For the week only slight changes in the positions occurred.
For more insights see our website and disclosures found there at BCA. As always contact us for further explanation of how these events can effect your finances.