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We are not facing a typical economic slowdown as it's likely that the most severe part of the downturn is already occurring. For fixed income markets, that means Treasury yields could reach a bottom in the next few weeks—if they haven't already.
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As the coronavirus disrupts lives and trade worldwide, coordinated stimulative policies may help to support global economies. Recession is likely in several developed European and Asian countries, with increasing probability that the U.S. economy will contract. We have been incrementally adding to equities, given deeply discounted valuations.
Log in to Read More...“If our clients succeed, our firm will succeed.”
This principle from our founder, Thomas Rowe Price Jr., still guides us today.
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