Corona, Corona, Corona Bonds Really Do Have More Fun!
The equity market finally showed some sensitivity to the effects of the coronavirus (Covid-19) last week with the S&P 500 falling 1.25% from its record high close on Valentine’s day for the holiday shortened week. The leading issue which dominated every news cycle (except for the Democratic debate for a few hours) was Covid-19 and […]
Virus’ Total Impact Unknown – But Economic Impacts Are Serious
There were three headlines on Page A6 of the February 6th Wall Street Journal (WSJ): · “Viral Outbreak Squeezes Manufacturers” with the sub-head: “Airbus, Hyundai among multinationals cutting back because of constraints in China;” · Apple Faces Risk In Its Reliance on Chinese Factories;” · Cruise Passengers Quarantined on Board.” We have seen similar headlines […]
The Potential Economic Impact Of The Reaction To The Coronavirus
Will You Catch Coronavirus? There is a minuscule chance of contracting the coronavirus if you live anywhere but in Hubei Province in China, and even less of a chance if you live in the U.S. The last time we had something like this (SARS), the public and business reaction wasn’t as extreme. It appears that social media […]