Chief U.S. Economist Lara Rhame's updated breakdown of the virus and market volatility

In this note, we take a look at the current corporate credit market impact, the effects of recent Federal Reserve policy response and the best course of action we see for investors moving forward.

Recent market volatility points to heightened uncertainty surrounding the COVID-19 outbreak.

COVID-19, a new coronavirus, is showing potential of developing into a pandemic, and the news flow is delivering a steady stream of concerning updates.

In this note, we attempt to measure the impact of specific industry shutdowns and outline uncertainties around knock-on effects on consumer spending, business investment and the efficacy of stimulus.

See the key charts we believe illustrate the corporate credit landscape for 2021, and how markets are positioned to make it through a vaccine-lit end of the tunnel.

Corey Hamlin is an Associate on the Investment Research team at FS Investments where he focuses on equity markets, data analysis, portfolio construction and macroeconomics to inform firm insights.  Prior to joining the firm, Mr. Hamlin served as a Senior Analyst of Portfolio Management on the investment management team at Lincoln Financial Group. He is a graduate...