Issue 9 – The Markets Catch the Coronavirus #2

The world continues to be inundated with 24/7 media coverage of the COVID-19 outbreak. Headlines on the epidemic continue to spread through newswires and social media. This has incited irrational behavior in global markets. Unfortunately, the economic impact of the outbreak is difficult to quantify, and its equally difficult to predict if and when we’ll see this resolve. The facts are that emotions and fear are driving this market. As a result, we continue to see a flight from sectors or industries with high sensitivity to the virus’ potential impact on the economy. Airlines, hospitality, restaurants, cruise lines, casinos & resorts, energy, and materials have all been affected by this sell off.

By Charles Marleau, CIM

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By Charles Marleau, CIM

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