The long & short of what’s next
by James Klempster, CFA
This week heralds the start of the final quarter of 2020. What an extraordinary year it has been thus far. Of course, for investment managers, the key area to focus on is what next? This question can have multiple different dimensions. For example, the answer might be very different if we are focusing on the long term as opposed to the short term. We have made the point repeatedly that in the long run we will cast this virus off. It remains a truism that the virus is not unpicking the very fabric of society nor is it destroying the functioning of capital markets and as a result, from an investment perspective at least, we will get through this.
- Sell-off in global risk assets
- Uptick in coronavirus cases hampers service sector
- Brent crude fell 2.9% to $41.9 a barrel
- Gold fell 4.6% ending the week at $1861.6 per ounce