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Outbreak of coronavirus or Covid-19 has resulted in crippling stock markets world over.
After hitting all time 2weeks ago, S&P500 has crashed over 10% in less than two weeks and the results are not much different elsewhere in the global markets.
Though there are several ways one can slice and dice asset classes, for this article I will assume four major asset classes and exclude cash and currencies:
Since the crash began on 21st Feb, safe heavens assets like US Bonds have outperformed broader stock markets by roughly 15-16%.
US 30 Years Bonds have rallied +5.23% while S&P500 down -10%.
Surprisingly, Gold which acts has a safe heaven during uncertain times, didn't deliver great results either during these 8days period.However, ever since coronavirus outbreak was spreading from early...