This week’s MacroMemo produced by our Chief Economist Eric Lascelles, RBC Global Asset Management examines the potential impact of the coronavirus on global markets. Also on our radar: the U.S. primary battle, Brexit, central bank mandates and possible monetary policy actions.
While markets have begun to react to concerns regarding the coronavirus, our base-case scenario is that this outbreak is contained and doesn’t have a large-scale impact on the global economy. We are maintaining a watchful eye for an increase in the severity of this outbreak and will adjust portfolios either in favor of taking a more cautious approach, and/or by taking advantage of buying opportunities that may be presented in the case where volatility increases.
If you have any questions, please feel free to reach out to our team.
Rhonda Hymers, CIWM, CIM, FCSI, FEA
Director, Vice-President, Portfolio Manager & Wealth Advisor
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