Equities may have shown signs of stabilising on Monday, but JPMorgan Chase & Co. strategists caution that coronavirus fears will weigh on investor sentiment and pressure stocks for longer, delaying a strong and quick rebound.
“Expect an imminent relief bounce,” said JPMorgan strategists led by Mislav Matejka. “The likely continued spreading of the virus, though, as well as the more extended activity fallout, suggests that markets will struggle to rally sustainably, potentially leading to derisking into any strength.”
