How the coronavirus could spark a severe slowdown or recession in America

Author: , Post Date: February 26, 2020

How the coronavirus could spark a severe slowdown or recession in America

Market Commentary - Cumberland Advisors - Corona Virus & Markets

Excerpts below.

By Matt Egan, CNN Business
Wednesday, Feb 26, 2019

New York (CNN Business)The longest economic expansion in American history has survived an unprecedented trade war, a catastrophic tsunami in Japan and a severe crash in oil prices. The fast-moving coronavirus poses yet another grave test.

“If you have one outbreak at one mall, one conference, behavior will change radically,” said David Kotok, chairman and chief investment officer at Cumberland Advisors.
Kotok said that such an outbreak could spark a global recession, a risk that financial markets are just beginning to price in.
“As of today, American’s don’t see this as a domestic US problem. I hope, for the sake of our country, it doesn’t break out here,” said David Kotok, chairman and chief investment officer at Cumberland Advisors. “But two weeks ago the South Koreans and the Italians didn’t think it was a problem.”

Read the full article here: CNN Business

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