Coronavirus Fears Intensify
Stocks just suffered their worst week since the global financial crisis on coronavirus outbreak fears. Last week’s 11.5% drop in the S&P 500 Index brought the index into correction territory. We provide context for the sell‐off and discuss potential U.S. and global economic impacts of the outbreak, although this situation remains fluid, very uncertain, and even a bit scary.
Context on The Sell-Off
Fears surrounding the coronavirus outbreak—or COVID-19—caused significant market volatility this week, wiping out all of the gains from the S&P 500 Index since October 2019. While we want to... Read more