The rally was most extreme in Australia, where the benchmark index swung from an 8.1% loss to a 4.4% gain.
Investors should consider longer-dated government bonds in safe markets, the firm said.
The number of cases have started to surge in some locations outside of China.
Treasury 10-year yields have dropped more than 40 basis points since the start of the year.
Quant prognosticators are telling clients to stick with battered value stocks even as they hit fresh lows.
Bulls and bears are sparring at the $10,000 price level.
Traders are so bullish that it's being interpreted as a warning sign.
Investors seem to be unconcerned about the numerous headline risks to equity markets.
Technicians at Fundstrat predict that bitcoin's rise will continue to at least the $10,000-$11,000 range.
JPMorgan Chase has joined the ranks of wealth managers calling for investors to de-risk their portfolios due to the coronavirus outbreak.
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