Markets retracted amid an international coronavirus spread as economic and financial panic comes mainly from the uncertainty of the future and extent of the damage. The once thought contained coronavirus has seeped over international borders and is starting to spread globally, this along with other issues are beginning to take a toll on the global markets.
It was a great start to the year, after a tremendous 2019. Investors have continued to buy the big names and we now have 4 companies (Alphabet, Amazon, Apple, and Microsoft) with market caps over $1 trillion dollars.
Coronavirus! With the amount of coverage, this was getting you would have thought we were heading into a zombie apocalypse. As fear rang through the streets and SARS fresh in everyone’s minds, people around the world canceled flights, vacations, and stores sold out of face masks overnight. While it’s better to be safe than sorry, this is most likely overblown. If anyone bothered to spend 10 minutes doing a couple of google searches they would have