When the S&P 500 Index sneezes, the world catches a cold. Investors experienced this in 2008, when the collapse of Lehman Brothers triggered a worldwide credit crunch. Global markets didn’t recover till Wall Street did. Therefore, the COVID-19 toll in the US is a matter of grave concern, and Sridhar Sivaram, investment director at Enam Holdings, is moving cautiously. While he sees select opportunities, he is steering clear of Indian and global markets until the spread of the virus is contained in what he calls “the mother of all markets” — the US. He outlines his strategy to tide over these uncertain times.