It was a brutal week on Wall Street as Coronavirus fears would not be shaken. Not surprisingly, Emerging Markets experienced the largest pullback. However, the Nasdaq Composite was not far behind in losses.
Despite the holiday shortened trading week for the U.S., news came out on Monday that Apple would be cutting its guidance for second quarter. Apple is the second largest holding in the S&P 500, with a weighting of around 4.7%. This was a clear sign that even domestic companies were preparing investors with the idea that growth would be slowing, at least temporarily, due to the supply chain issues overseas.
In 2017, 49% of China’s exports were technology related . Last month’s slowdown in manufacturing these exports has yet to be fully seen in the markets. But news surrounding tech companies’ primary maker of goods have been ominous. As a result, Technology had the greatest pullback at the sector level last week. In total, 10 of the 11 sectors reflected losses. Real Estate was the only grouping that managed to sit flat for the week.
As the virus continues its spread in countries other than China, Reuters reported that G20 leaders would monitor the impact of the outbreak on global growth and take necessary action if needed, including the further loosening of monetary policy.
Last week, the head of the IMF, Kristalina Georgieva, stated the that the current coronavirus outbreak is the “most pressing uncertainty” facing the global economy right now.
For Europe, Italy appears to be the epicenter of the outbreak as the number of inflected patients reported jumped from 3 to over 200 in just a couple days and 6 people have died in the country from the virus as of Monday. This has prompted authorities to lock down 12 towns in the country and close a number of tourist attractions.
But not all news was bad last week. Housing Starts beat expectations and Building Permits reached the highest level in 12 years. Finally, The Weekly Jobless Claims came in at expectations with a reading of 210,000. This shows that there still is a fair amount of positive economic news despite the lingering fears of a pandemic.


“Investor Update on Quarterly Guidance.” Apple Newsroom, 18 Feb. 2020, www.apple.com/newsroom/2020/02/investor-update-on-quarterly-guidance

Behnken, Mike. “China.” OEC, oec.world/en/profile/country/chn/.

Rashad, Marwa. “G20 Finance Heads Eye Impact of Coronavirus Outbreak on Growth, See Modest Pickup.” Reuters, Thomson Reuters, 23 Feb. 2020, www.reuters.com/article/us-g20-saudi-virus/g20-finance-heads-eye-impact-of-coronavirus-outbreak-on-growth-see-modest-pickup-idUSKCN20H0HX.

Feuer, William. “Coronavirus: IMF Chief Says the Outbreak Is the 'Most Pressing Uncertainty' for Global Economy.” CNBC, CNBC, 19 Feb. 2020, www.cnbc.com/2020/02/19/coronavirus-imf-chief-says-the-outbreak-could-derail-global-economic-growth.html.

Post, South China Morning. “Wuhan Virus.” SCMP Chronicles, multimedia.scmp.com/widgets/china/wuhanvirus.

Giuffrida, Angela, and Lorenzo Tondo. “Italians Struggle with 'Surreal' Lockdown as Coronavirus Cases Rise.” The Guardian, Guardian News and Media, 24 Feb. 2020, www.theguardian.com/world/2020/feb/24/italians-struggle-with-surreal-lockdown-as-coronavirus-cases-rise.


______________________________________________

The S&P 500® Index is a capitalization index of 500 stock-designed to measure performance of the broad domestic economy through changes in the aggregate market value of stock representing all major industries.

https://us.spindices.com/indices/equity/sp-500

The Dow Jones Industrial Average® (The Dow®), is a price-weighted measure of 30 U.S. blue-chip companies. The index covers all industries except transportation and utilities.

https://us.spindices.com/indices/equity/dow-jones-industrial-average

The NASDAQ Composite Index measures all NASDAQ domestic and international based common type stocks listed on The NASDAQ Stock Market. Today the NASDAQ Composite includes over 2,500 companies, more than most other stock market indexes. Because it is so broad-based, the Composite is one of the most widely followed and quoted major market indexes

https://indexes.nasdaqomx.com/Index/Overview/COMP

The MSCI World Index, which is part of The Modern Index Strategy, is a broad global equity benchmark that represents large and mid-cap equity performance across 23 developed markets countries. It covers approximately 85% of the free float-adjusted market capitalization in each country and MSCI World benchmark does not offer exposure to emerging markets.

The MSCI Emerging Markets (EM) Index is designed to represent the performance of large- and mid-cap securities in 24 Emerging Markets countries of the Americas, Europe, the Middle East, Africa and Asia. As of December 2017 it had more than 830 constituents and covered approximately 85% of the free float-adjusted market capitalization in each country.

https://www.msci.com/

The S&P GSCI Crude Oil index provides investors with a reliable and publicly available benchmark for investment performance in the crude oil market.

https://us.spindices.com/indices

Companies in the S&P 500 Sector Indices are classified based on the Global Industry Classification Standard (GICS®).

https://us.spindices.com/indices

Page 13 of 70

Here's how it works..

The Process...

First thing’s first, pick the tier that works for you. We have a number of options to choose from depending on your specific needs.

See the options

We need to know you more…

Send us your firm’s information including necessary disclosures. We will create a custom 30 second outro and/or video watermark that will get added to every video.

Upload your logo…

We need the best quality logo you have. Adobe Photoshop or Illustrator files are preferred (files ending with *.ai or *.psd). PNG or JPG files will work if nothing else is available but they need to be the best quality that you have.

Get the goods…

Download the video. If you want us to post the video for you, once we get compliance approval from your compliance department, we’ll upload the video to YouTube or Vimeo on your behalf.