60 minutes | Mar 12th 2020

HYCM's Coghlan: The market is grappling with how deep this hole will go

Giles Coghlan, chief currency analyst at HYCM, says that while domestic investors see trouble based on the US market, the coronavirus is having a global impact on markets that is still in the early stages of being sorted out. Coghlan notes that investors who maintain a three- to five-year outlook might find themselves buying into troubled industries like oil, but that anyone with a short-term view can't call a bottom yet, which is why investors should lengthen their time horizons and consider bargain hunting. Also on the show, Tom Lydon of ETFTrends.com makes a long-term Treasury fund his ETF of the Week, Dave Du Val of TaxAudit.com discusses how Americans are struggling to know IRS rules changes, and Bruce Kaser of The Turnaround Letter discusses in the Market Call the impact of the current decline on the types of troubled companies he pursues.