Market Outlook · March 02, 2020

Coronavirus: Assessing the Market and Global Economic Impact

1 The Broader Global Economic and Business Impact

Data released Friday February 28th from China’s National Bureau of Statistics and Federation of Logistics and Purchasing governmental agencies, shows that both manufacturing and services in China fell to the lowest level ever recorded for the nation.

2 Global Market Impact

The renewed escalation of concerns about the spread of COVID-19 the week of February 24th, with outbreaks in Korea, Japan, Iran, Italy, and 56 nations worldwide, sent global equity markets tumbling and prompted President Donald Trump to call a rare press conference where he put Vice President Mike Pence in charge of the US response.

3 What Should You Be Doing or Thinking About When Something Like This Happens?

Contrary to my long and detailed explanations and observations above, the reaction function on your side should be centered on the “KISS” acronym (not the band).

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