Saudi Arabia attempting a scorched earth strategy to get a production cut.
Globally, the threat from the coronavirus (COVID-19) is far from over. However, the slowing rate of new infections in China provides hope that infection rates globally will eventually follow the same pattern.
The uncertainty around the coronavirus continues to weigh on the market. It is leading to wide price swings in both directions.
On March 3rd, the 10-year US Treasury yield fell below the 1.0% threshold for the first time in history, touching 0.9% briefly before settling closer to 1.0%.
We became more positive on equities late last week after adopting a more cautious short-term stance in late January.
Fears and uncertainty around the coronavirus (COVID-19) spreading and becoming a global pandemic have gripped markets and sent US yields tumbling.