Faith in central banks will be stretched, investor says.
Acampora stated that the harm from the coronavirus is going to get worse before it resolves, leaving a stretched market vulnerable to shocks.
Despite believing that global stocks will bounce back, Mobius said that emerging markets could suffer a sharp shock next week as Chinese stocks react.
Michael Wilson, Morgan Stanley’s chief U.S. equity strategist, says the first major stock market pullback since October may be underway.