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Multi-Asset – CIO Market Update – 22nd Apr 2020

Wednesday, April 22, 2020

CIO Market Update with Will Bartleet
CIO and multi-asset portfolio manager at Pacific Asset Management

US Treasury Secretary Steven Mnuchin said that “We’re operating under the environment that we are going to open up parts of the economy and we’re looking forward to -- by the time we get later in the summer -- having most of the economy, if not all of the economy, open,”.

Oil rallied after President Trump ordered the US Navy to “shoot down and destroy any and all Iranian gunboats if they harass our ships at sea”. California’s public health department reported that one of its residents died from COVID-19 on 6th February, 20 days before what was previously thought to be the date of the first US fatality.


IMPORTANT INFORMATION: Issued and approved by Pacific Capital Partners Limited, a limited company registered in England and Wales, authorised and regulated by the Financial Conduct Authority. The information contained herein is not approved for use by the public and is only intended for recipients who would be generally classified as investment professionals. Information or opinions contained in this article do not constitute an offer to sell or a solicitation, or offer to buy, any securities or financial instruments or investment advice or any advice or recommendation in respect of such securities or other financial instruments. Where past performance is shown it refers to the past and should not be seen as an indication of future performance.

 

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