The super-rich are looking for mansion houses with moats, Scottish castles and Caribbean islands in a bid to avoid the coronavirus.
A 3.0% downturn during 2020 would mark the steepest downturn since the Great Depression of the 1930s.
Bank of America’s global fund manager survey finds 5.9% of funds allocated toward cash, up from 5.1% in March.
Shares of JP Morgan Chase. rose 0.8% in premarket trading, after the banking giant reported first-quarter profit and revenue that missed expectations.