Excerpt from CNBC quoting DataTrek Research:
…. “A DataTrek Research survey of 294 mostly buy- and sell-side analysts reflects concern though not panic about the COVID-9 outbreak.
For instance, about only 1 in 4 expected a virus-induced recession. But about a third expressed concern for their personal safety.
“That’s an important market observation, because investors concerned about their personal health are more likely to have bearish assessments of its macro effects,” wrote DataTrek co-founder Nicholas Colas. “The combination of personal safety concerns about COVID-19 and uncertainty about potential near-term positive catalysts like Chinese containment likely means a continuation of Friday’s volatility and further near-term declines for US/global equities”….
Read the full article here on CNBC!