Coronavirus and volatile markets: webinar with Caspar Rock
Markets are rallying in the wake of the US's "bazooka" spending proposals, but only following extreme falls. Chief Investment Officer Caspar Rock outlines his view of markets today, and answers a range of investors' questions on topics from the gold price to sterling, dividend security and whether or not equities are now attractively priced.
Stock markets responded positively to the US emergency $2 trillion coronavirus support package, finally sealed on 25 March. But this relief came after successive days' steep declines, which have seen most global markets drop approximately 30% in recent weeks.
Volatility in most asset classes remains extremely high. The short and long-term effects of closing down swathes of major economies in order to contain the virus's spread is yet unknown. In the 35-minute webinar, above, Chief Investment Officer Caspar Rock's presentation reviews the past few weeks in financial markets and looks ahead to potential future stages of the unfolding crisis.
With Kate Leppard, Head of Client Service UK Wealth Management, Caspar goes on to answer a range of investors' questions relating to portfolio position, asset valuations and likely future actions - covering many questions, including these below:
- Are you reducing risk? What might prompt you to do so?
- Is this crisis different from previous market crisis?
- Have we reached the "bottom" - or the point at which we should be buying equities? And if so, what's the best way to benefit from the recovery?
- Gold has gone up sharply but before that lost value. Why hasn't it behaved more like a traditional safe-have asset?
- Why is the pound weakening?
- Will the measures being taken by central banks and governments to support economies result in higher inflation?
If you were unable to join this live webinar but would have liked to listen in and pose questions, more will be held in coming weeks. Please look out for invitations from your usual contact.
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