Roger Holdings chairman Jim Rogers.
SINGAPORE: Equity investors just witnessed the worst quarterly plunge since the financial crisis, and some are seeing more losses ahead.
Jim Rogers, the chairman of Rogers Holdings Inc, said another rout is imminent because of a triple whammy of coronavirus-fulled economic damage, high debt levels and low interest rates that will hurt when they rise. Oaktree Capital Group co-founder Howard Marks sees the range of negative outcomes from the pandemic as much wider than during the global financial crisis.
DoubleLine Capital chief investment officer Jeffrey Gundlach said the S&P 500 Index is likely to reach new lows in April, with economic uncertainty further riling investors.
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