CIO Daily Market Update with Will Bartleet
CIO and multi-asset portfolio manager at Pacific Asset Management
News of a slowdown in new cases in Italy provided some hope that social distancing can control the spread of COVID-19. Although in the US, President Trump was forced to admit that life in America won’t get back to normal by Easter. More states in America issued orders instructing individuals to stay at home.
Australian Prime Minister Scott Morrison announced a further stimulus package, taking the total to A$320 billion or 16% of GDP saying “Now is the time to dig deep.” In more disconcerting news, Hungary’s parliament handed full control of the country to Prime Minister Viktor Orban for as long as he chooses.
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