MRB on CNBC – April 30, 2020
Phillip Colmar and Santiago Espinosa, strategists at MRB Partners, urged investors to remain cautious.
“The sharp relief rally in equities has now moved ahead of underlying fundamentals, leaving room for near-term disappointments,” they said in a note to clients. “Many authorities are looking to reopen their economies but doing so safely and to near previous output levels will require a series of medical breakthroughs and widespread distribution of the treatment.”