Increased number of virus cases will weigh on markets: Portfolio manager
CNBC's "Power Lunch" team discusses markets and investment strategies amid the coronavirus fears and stimulus stalemate between Congress and the White House with Russ Koesterich, portfolio manager of the BlackRock Global Allocation Fund. It's not all about fiscal stimulus, says Koesterich. But the market is starting to come to grips with the fact that we may not get a package before the election. But a weak jobless claims number and the increase in coronavirus cases weighs on markets, he adds.