When A 10% Decline Isn't A Big Deal
The S&P 500 has plunged 10% over the past seven trading days and will be looking for some good news from the coronavirus front.
The market has been most unsettled by the spread of the virus beyond China’s borders and all of this exposes another big problem for the global economy.
Video Length: 00:02:12
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I'm rather surprised the market shrugged off the coronavirus for as long as it did. It was pretty clear which way the wind was blowing. And for those that couldn't, all the medical experts warned this would happen.
True. And with a vaccine 12 to 18 months away at the earliest, I wouldn't expect any good news any time soon.