Reassessing the 2019-nCov implications
Recent developments suggest that the spread of the virus might continue around the world before we see some positive newsflow resulting from quarantine measures put in place. Global financial markets have reacted strongly to rising concerns over the spread of novel coronavirus outside of China with a double dip in stocks. Market risks remain to the downside as the earnings outlook remains currently uncertain.
Certainly not Chairperson Powell’s “knockout, great, super strong employment report” but Still Enough for Fed to Taper. September job growth in the US was underwhelming vs. expectations but still a green light for a Fed taper announcement by year-end.
Going back more than 20 years, Kieger’s legacy has been built in healthcare and small companies. Over these decades we have developed our own “unique” asset allocation which has some outstanding and attractive portfolio characteristics, especially in recent turbulent times.