The flight to liquidity that is driving global investors to raise cash levels may last even longer, now that coronavirus cases in the United States have escalated sharply.
In fact, most major western countries have surpassed China’s infection count in the last week. This can inflict huge damage to global economic activity as people remain cagey about venturing out, purchasing goods, or even taking on investing activities.
Emerging market stocks could continue to feel the pressure. While some indicators show that stock prices have dipped to their historical lows, investors may tend to shy away from the markets. “As confirmed by record foreign portfolio outflows, this bear market may have hit the point of capitulation in March 2020, but this