Excerpt from Yahoo Finance quoting DataTrek’s Nick Colas:
…. “U.S. stocks have taken a beating in recent weeks on growing concerns about the negative economic impact of a global outbreak of the COVID-19 coronavirus. DataTrek Research co-founder Nicholas Colas compared the negative market impact of the coronavirus outbreak to the positive impact of January’s phase one trade deal between the U.S. and China.
“Think of the market action around COVID-19 as an unwind of the market’s Q4 2019 confidence about renewed global growth,” Colas said”….
Read the full article here on Yahoo Finance!