A note from Greg Frost
I am writing to provide you with some perspective on the market’s recent reaction to the coronavirus outbreak and what that might mean for your investments.
What is happening in the markets?
The spread of the coronavirus disease (COVID-19) and the recent growth in new cases outside of China have prompted a sharp market correction in global stock markets. Assets seen as safe havens, such as gold, increased in value. The outbreak has already had a significant effect on China, the world’s second-largest economy with a key role in the global supply chain and a consumer of foreign goods. With the virus continuing to spread, markets were reacting to the outbreak’s expanding potential impact on the global economy.