MRB on Micky – March 30, 2020
MRB Partners mentioned in a note that the equity markets are overextended and they are expecting a period of more virus-related news and poor economic statistics in the next 1-2 months. They also added in their note:
“The world is now entering a third phase, the first being the shock of an out-of-control virus spreading around the globe, then the massive policy response, and now the economic fallout phase has arrived and will test investors’ very fragile confidence.”