Investors trigger a pullback opting out of risk assets globally

Commenting on today’s trading in which risk assets globally sank, Gorilla Trades strategist Ken Berman said:

Although it’s still early to judge the long-term impact of the epidemic, investors opted to get out of risk assets globally, triggering the deepest pullback in months on Wall Street. Stocks erased almost all of their year-to-date gains today, adding to Friday’s steep losses, but the bullish long-term trends are still in no danger, despite today’s broad sell-off and the spike in volatility. …

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