What a difference a week makes. For most of February, we had been discussing on these pages why equity markets had remained sanguine about the virus scare and even reached new all-time highs. At the end of this week, there is very clearly no need for such discussions any longer – equity markets around the world have turned and rapidly entered correction territory.
The rapid spreading of confirmed infection cases throughout the western world has ended the (now clearly misguided) belief that the implications of COVID-19 would be confined to faraway China. Even Donald Trump’s TV broadcast proclamation on Wednesday night that “Because of all we’ve done, the risk to the American people remains very low” was unable to persuade the wider public that the virus outbreak would not touch them personally one way or the other.
Tatton Asset Management PLC (LON:TAM) offers a range of services to directly authorised financial advisers in the United Kingdom. The Company provides on-platform portfolio management, regulatory, compliance, and business consulting services.
