Markets plunged last week amid concerns that the Covid-19 virus, first identified in China, could spread into a global pandemic.
Stocks shed one-tenth of their value in less than a week, gutting client portfolios. By Friday, markets had seen their biggest one-week drop since since 2008. Advisors told FA-IQ that they hit the phones to quell client worries and remind investors not to stray from their long-term plans. Do you expect markets to sink even more on Coronavirus fears?
|Yes. The disease poses dire consequences for the global supply chain. Until the scope of its impact is known, expect markets to keep tumbling.|
|No. Last week’s correction reflects a jolt in sentiment, but fundamentals remain solid. I expect markets to stabilize, if not recover.|