Kyle Bass: Market Peak Virus

Posted by admin on Sunday, April 26, 2020

Kyle Bass Money Quote saying chief investment officer of Hayman Capital Management that the coronavirus would have the strongest effect on financial markets in early April. Kyle Bass said:
 
If you’re asking for when the financial markets see peak virus, I think it’ll be about a month from now Quote
 

“If you’re asking for when the financial markets see peak virus, I think it’ll be about a month from now” — Kyle Bass

 

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In this quote, Kyle Bass seems to be making a prediction about when financial markets may reach their nadir in response to the coronavirus pandemic. By stating that “If you’re asking for when the financial markets see peak virus, I think it’ll be about a month from now”, Bass implies that approximately one month after this statement was made (presumably in early-to-mid March 2020), the worst economic effects stemming from the pandemic would be priced into markets.

The quote conveys Bass’ perspective that there was likely still further decline to come as the virus spread and its impacts became clearer, but that within roughly a month’s time, markets would bottom out having incorporated the full anticipated extent of the crisis’s economic toll. Overall, Bass appears to have been arguing that a month more of declines lay ahead as the pandemic’s trajectory and consequences continued unfolding, but that its impacts on markets and sentiment would peak at that point.

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