These are the 3 best trades to help protect investors from coronavirus turmoil, UBS says
Cases have now been, with more than 80,000 people infected and at least 2,700 killed. Mark Haefele, chief investment officer of UBS Global Wealth Management, says it will soon become clear if governments in the US and Europe will take drastic steps to limit the spread of the illness.
As it is, Haefele says, the spread of the virus to Europe could crush consumer and business confidence, and more cases in North America could have that effect as well. That's after the two worst days for US indexes in two years. Haefele says there are signs that's happening, but even as China makes progress, uncertainty throughout the developed world is rising. That comes at a time European stocks are unusually expensive, he wrote.
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