“The wildcard is not the fatality rate, but how infectious the Wuhan virus is,” Citi economists wrote in a note.Analysts said travel and tourism would be the hardest-hit sectors together with retail and liquor sales though healthcare and online shopping were seen as likely outperformers.
Investors were still trying to figure out the potential impact from the coronavirus, given it would be at least a couple more months before official economic data are released. “The rise in risk aversion and worry of a region-wide demand shock ... means the knee-jerk market reaction will likely be to richen low-yielding government bonds,” JPMorgan analysts wrote in a note.
Futures imply around 35 basis points of easing by year end FEDWATCH. The Federal Reserve is widely expected to stand pat at its policy meeting this week, but markets will be sensitive to any changes to its economic outlook.
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How do we know the corona virus is the reason? Maybe it’s because our criminal President is being impeached!
This is yesterday’s news I suppose 😂😂😂
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