Issue 5 – The Coronavirus is Shaking Markets

News on the Coronavirus has been quickly spreading through newswires and social media and this has made global markets nervous. The Coronavirus should not be taken lightly as this will likely impact consumer behaviour and supply chains. Unfortunately, the impact cannot be quantified and its very difficult to predict when this will be resolved. While the tendency is for fear to become overblown, emotions and fear will continue to drive the market until we see a slowdown in new cases. It will take some time before we see an improvement.

Disclaimer: Palos Funds are shareholders of CVE, VET, TECK/B, XBM.

By Charles Marleau, CIM

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