If markets pull back over fears about the outbreak of the Wuhan coronavirus, it will offer investors a great buying opportunity if history is a guide.
While US stocks have not corrected since the outbreak, there has been some weakness seen in China and Hong Kong, with both markets off about 4% from their January highs. If one looks to history for analogues, the 2003 SARS outbreak is probably the most relevant. SARS, also a form of coronavirus, also spread quickly, infecting some 8,000 people and killing more than 750. Will equities climb a wall of worry in 2020? While the current breakout has been less severe (26 reported deaths in China so far), it has already spread to other countries and has now also reached the US. When SA...
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