Through Wednesday of this week, the S&P 500 was down 13.07% year to date. The MSCI All Country World Index was down 13.05%. Even bonds, as represented by the Barclays US Aggregate Bond Index were down 9.85%. Seemingly, everything is down. Well, everything but inflation, but I digress.
Coronavirus Correction, Now What?
About a month ago, I attempted to answer if “Should You Worry About Coronavirus?”
In the article, I suggested that things will likely get worse before they get better, if past similar scares were any guide. Looks like that was a good guess.
Now a month later, the shelves are empty, the Robert Earl Keen show I was planning to see is cancelled, and the world has seemingly come to a halt as coronavirus has spread. The uncertainty being felt around the globe is concerning on a personal level as well as from the perspective of how markets react. Now what?