The Bank of Canada cut its key interest rate by 50 basis points Wednesday in response to the “material negative shock” of the COVID-19 virus. To read the complete article click here.
The U.S. Federal Reserve delivered an emergency half-percentage point interest rate cut Tuesday in a bid to protect the longest-ever economic expansion from the spreading coronavirus. To read the complete article click here.
Financial markets have taken a dramatic turn for the worse this week, with stock markets selling off sharply and generally indiscriminately across the globe. The MSCI All-Country World Index is down 6% since last Wednesday, with stocks across Developed Markets (DM) and Emerging Markets (EM) registering like-sized declines while all industrial sectors are in the… Read more »
This week we find ourselves in an extreme volatile period in the market with stocks trending to the downside. With this in mind, we feel it warrants a review of our “down market manual” to help provide further insight during previous similar market cycles. To read the manual click here.
The Federal Reserve kept its benchmark interest rate steady. To read the complete article click here.