Weekly Market Snapshot – May 26th, 2020
Created by: Sam Tenney
- According to The Fortune 500 CEO survey, 91% of CEO’s expect “Business travel will become less frequent” and 82% believe “Nationalism will rise, and global supply chains will become less common”¹
- UK Government guarantees could create a “Corona debt crisis” according to the CityUK Financial trade group. “First year zero interest loans could become a problem when these companies are still struggling in the future.” If the balance sheets on these companies fail to rebound in a year they could be subject to higher interest on these loans, upwards of 6% in some cases.²
- In the International Monetary Fund’s (IMF) Global Financial Stability Report, three key areas of the Coronavirus crisis were identified that pose a longer term threat to global economic stability, corporate credit markets, volatility in emerging markets, and extremely low interest for banks.³
1. https://fortune.com/2020/05/20/ceo-survey-after-pandemic-ceo-daily/ (Paywalled)
Please note by using any of the links provided for your convenience, you will be leaving Fidelis Wealth Advisors website. The hyperlinks are to websites and servers maintained by third parties. We do not control, evaluate, endorse, or guarantee content found in those sites. Your use of such sites is at your own risk.
This blog is general communication being provided for informational purposes only. This information is in no way a solicitation or offer to sell securities or investment advisory services. It is educational in nature and not to be taken as advice or a recommendation for any specific investment product or investment strategy. This does not contain sufficient information to support an investment decision. Any investment or investment strategy mentioned may not be suitable for all investors or in their best interest. Statistical information, quotes, charts, references to articles or any other quoted statement or statements regarding market or other financial information is obtained from sources which we believe reliable, but we do not warrant or guarantee the timeliness or accuracy of this information. All rights are reserved. No part of this blog including text, graphics, et al, may be reproduced or copied in any format, electronic, print, et al, without written consent from Fidelis Wealth Advisors, LLC. Fidelis Wealth Advisors does not provide legal or tax advice. Please be advised to consult with your investment advisor, attorney or tax professional before making any investment decisions.