Rotation blues: Tech, small-caps, and utilities are off now, with homebuilders among those that could get dumped next.
With stocks and bonds offering meager futures, pension plans and other investors find under-appreciated VC beats another alt, private equity, which grabs all the attention.
The economic slump has held down merger action in 2020.
Portent: Chinese consumers remain fearful about going out after lockdown lifted, ex-Morgan Stanley honcho Roach warns.
IHS Markit sees one hitting in the second quarter and lasting to year-end.
Lots of wariness about an escalation of the US-China trade war and bad economic fallout.