Investment thesis: the major international markets are still correction. While some may be forming bottoms, it's still way too early to think about taking a position in any region.
On Monday, the OECD lowered its global growth estimatedue to the coronavirus (emphasis added):
On the assumption that the epidemic peaks in China in the first quarter of 2020 and outbreaks in other countries prove mild and contained, global growth could be lowered by around ½ percentage point this year relative to that expected in the November 2019 Economic Outlook.
A longer lasting and more