Markets will get the first readings on the coronavirus’s business impact as the first-quarter earnings season starts this week. Still, corporate results will reflect only a month of lockdown measures, and company guidance about the coming quarters will carry more weight, says Ewout van Schaick, head of Multi Asset. He prefers developed market corporate bonds over equities, particularly since the US Federal Reserve’s most recent expansion of its bond-buying programs. “As an investor in these uncertain times, you should focus on what you know rather than on what you don’t know,” Van Schaick says in our latest podcast. “It’s very difficult to know how severe the impact on corporate earnings will be, and to assess the impact on equities.”