Concerns over the economic impact of the coronavirus outbreak continue to weigh on financial markets. Apple warned last night that it no longer expects to meet its quarterly revenue guidance due to supply and demand disruptions caused by coronavirus. U.S. equity futures are down approximately 0.5%, and Treasury yields are 3 bps lower. This week’s economic calendar is relatively light and will be headlined by the release of the January 29 FOMC minutes tomorrow. Several regional Fed bank presidents will also be speaking this week.
Chief Investment Officer
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