Thoughts on the Market
With fears of coronavirus spreading around the globe and its major impact on global economic activity, the S&P 500 this week has suffered one of its worst weeks in history, underscoring just how fast sentiment can change from optimism to extreme pessimism in the stock market. Our view on the virus has not changed since our post on Monday – we do not feel it is a wise decision for long-term investors to take a position on the severity of…