Growing turmoil from the spread of the coronavirus has driven a sharp increase in volatility and a risk-off trade as uncertainty permeates global markets. To help make sense of the unfolding events, we are providing you with our latest insights and resources from our teams around the world, including:

  • How our 2020 outlook is evolving in the face of growing market volatility and uncertainty
  • What it could mean for GDP expectations, and how the economy can get back on track
  • Where we see pockets of opportunity in the equity and fixed-income markets

The resources on this page will be updated frequently so please check back regularly.

Market Volatility Conference Call Replays

Listen to replays of our recent conference calls, with updates from our economists, market experts and portfolio managers.

Coronavirus Market Impact Update

The latest update from our economic and portfolio teams on the impact from the coronavirus.

Five Investing Perspectives for the Coronavirus Crisis

Following these guidelines can help equity investors navigate the uncertainty created by the COVID-19 pandemic when selecting stocks and positioning portfolios.

The Key Part of the US Fiscal Relief Package? Willingness to Act

The historic US fiscal aid package isn’t a quick fix, but it provides welcome relief and will make it easier for the US economy to rebound when the coronavirus crisis eases. More important, it shows that Congress is willing to act swiftly and dynamically.

When Bad News Becomes a Good Thing

Client impulsivity and action, simply for the sake of action, are not good when it comes to making investment decisions. However, in times of panic, a prudent advisor can step in, organize a family’s financial affairs, deliver reassurance and be a calming presence while completing tasks that may have been neglected.

Stress Testing Companies for an Impending Recession

In the midst of a historic crisis, it's hard to see through the fog. But investors who ask the right questions now will be able to identify companies that can make it through.

Five Ways Policymakers Can Fight the Coronavirus

Policymakers cannot avert a big near-term economic hit. But they can build the foundations for recovery—if they take the right steps now.

Remembering Walter Cronkite

Television remains one of the most influential distributors of information and ideas, yet the majority of Americans distrust the reports they get from TV. This distrust may stem from the fact that there is a lot of fear in the news today. How can advisors help clients make sense of the news and help them get back on rational footing?

The Fed Could Roll Out De Facto Fiscal Policy Under Section 13(3)

Conventional wisdom says the Fed is pretty much out of tools to support markets and an economy derailed by the coronavirus. But if things don’t stabilize soon or if the fiscal response is too slow, we expect the Fed to take on broad fiscal-like authority to funnel liquidity into struggling businesses and households.

Where Did All the Toilet Paper Go?

For client-facing financial advisors, understanding how to manage client emotions during volatility is critically important if you want to help them cope with the current situation.

Could US Municipals Suffer as Coronavirus Spreads?

Are municipal bond issuers vulnerable to the COVID-19 pandemic? We assess key sectors, from states to hospitals to airports.

China's Coronavirus Experience: Lessons for Global Investors

The current market outlook is bleak. But if the US and Europe take the right steps and follow China's playbook, we believe the world could ultimately follow the Chinese markets' road to recovery.

How Can European Policymakers Beat the Coronavirus?

Europe has changed swiftly from spectator to front-line combatant in the battle against the coronavirus. The potential damage from its spread is severe, but European policymakers are reacting robustly to the threat.

How to Manage Client Conversations in Volatile Markets

Market fears are activating investors’ fight-or-flight instincts. These feelings can lead to highly irrational behaviors. Here are some techniques for speaking to clients during these volatile times.

The Fed and Coronavirus: Is Fiscal Help Needed, Too?

With markets reeling from concerns over the coronavirus and plummeting oil prices, the US Federal Reserve took another step Monday to shore up markets. The Fed has more in its toolbox, but fiscal policy may also be needed to fill a gap in the US economy.

How Will the Coronavirus Impact World Economies?

The coronavirus is dominating the news and sparking panic in markets. We believe the options for policymakers are clear—but will they implement them?

Fed May Cut Rates Further to Counter Coronavirus Headwinds

This week’s Fed rate cut helped steady financial markets reeling from the expected impact of the coronavirus on the US economy, and we think more cuts are coming—in March and beyond. The economy should rebound in the second half of the year, though at a lower full-year pace.

US Equity Valuations Rebooted by Coronavirus

Although the outlook for growth and earnings is uncertain amid the coronavirus crisis, attractive stock valuations could create opportunities for high-conviction investors.

Revisiting China’s Equity Markets as Coronavirus Spreads

Growing fears about the coronavirus have hit Chinese stocks. While markets will remain unstable until China gets the outbreak under control, equity investors should revisit lessons from previous epidemics and consider the potential longer-term effects of the current crisis.

Will the Wuhan Coronavirus Infect China’s Economy?

The Wuhan coronavirus is spreading across China, causing disruption, severe illness and even death. In addition to the tragic human cost of an epidemic, widespread disease can cause meaningful macroeconomic damage.

Other Late-Cycle Insights

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