The outbreak of COVID-19 has bludgeoned risk assets and sent those perceived as havens — gold and government bonds, for example — to new heights. The technology-heavy Nasdaq Composite (COMP)and the broad-based S&P 500 (SPX)are both in correction territory, off 12.5% and 12.2%, respectively, from their recent peaks, by that same standard. Meanwhile, the 10-year Treasury note (BX:TMUBMUSD10Y)has been at the head of a global rally in debt prices that has sent yields, which move in the opposite direction to prices, to historic lows. Read More...
Has the coronavirus selloff created a stock-buying opportunity, or is it too early? Here’s what analysts and strategists are advising
The outbreak of COVID-19 has bludgeoned risk assets and sent those perceived as havens — gold and government bonds, for example — to new heights. The technology-heavy Nasdaq Composite (COMP)and the broad-based S&P 500 (SPX)are both in correction territory, off 12.5% and 12.2%, respectively, from their recent peaks, by that same standard. Meanwhile, the 10-year Treasury note (BX:TMUBMUSD10Y)has been at the head of a global rally in debt prices that has sent yields, which move in the opposite direction to prices, to historic lows.
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