NEW YORK - The hit to U.S. corporate earnings from the coronavirus epidemic is getting harder and messier to predict.
Worries about the expected impact escalated last week as the virus, which was first detected in China spread rapidly to countries such as South Korea, Italy and Iran, causing the S&P 500to suffer its biggest weekly drop since the 2008 global financial crisis. In the United States, New York's governor confirmed his state's first positive case on Sunday.
However, if it triggered a global recession, profits could “decline near 25% and equity markets fall similarly as stocks typically track earnings given past patterns when downturns occurred,” Levkovich wrote. To be sure, part of the recent steep sell-off in stocks has been because of the warnings from companies including market heavyweight Apple Inc .
Why? because the media driven fear---imbeciles on both sides
And realDonaldTrump keeps denying the reality of it. Resist Election2020
Are hardhats now protecting traders from Corona Virus?
'harder and longer'? Interesting way of phrasing it.
Coronavirus: Bigger, Longer & Uncut
It looks like theres a bunch of slot machines in there. Ive played my luck before...
The pink elephant in the room 1st death was the straw ... the 2nd is the nail'n ...
“harder and longer”- sounds like an ad for some aid to some sexual stuff
Im really happy what happened to me but im not happy how the world changed but its going to.
O dear, can't squeeze out a single tear
FUNGJJ1 Well, ChinaCoronaVirus is to blame. What if CCPChina openly warn WuhanCoronavirusOutbreak & let other countries make precaution? Where's WHO ? Never mind, what done is done...
That isn't what the article, or data, truly say. It's going to suck for a year is what the article says.
RT : The hit to U.S. corporate earnings from the coronavirus epidemic is getting harder and messier to predict. More here:
That's just too bad. Mega corporations will have to settle for a few billion less under a crisis. Poor, poor mega-wealthy.
A kind of logical chain reaction.
Soooo the entire world.
That’s because they have poor healthcare coverage and poor sick pay regulations. Universal healthcare and decent welfare systems will likely fair better.
Not only the US but almost the entire world economy
Coronavirus becomes the number one search on PornHub