Just when you thought you could relax…
The trade war has been mostly resolved … World War III has been averted … the Federal Reserve announced no rate hikes…
Along comes the coronavirus.
Since we first got news of the outbreak, the U.S. markets have been on a roller coaster. Last week, the Dow Jones Industrial Average shed 1.2%. And as I write, it looks like it will be another nasty day on Wall Street.
But is it time to panic? Time to sell? Time to buy?
Find all of that out (and more) in today’s Your Money Matters.
The 3 Ticker Symbols You Need to Know
The thing is, we’ve been down this road before — with SARS, Ebola and the avian flu, to name a few examples. Based on our experience with SARS specifically, we know a few things we can expect — namely how to know we’ve reached the tipping point. I’ll tell you what to look for.
We also know that the market will bounce back. After the SARS outbreak, the S&P 500 Index jumped 14% in only six months.
Even still, there are some potential land mines to watch out for. Clint Lee and I tell you about two sectors you’ll want to avoid until the dust settles.
But better than that, you’ll find out three opportunities poised to emerge from the crisis. Be sure to stay tuned to find out those ticker symbols.
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Editor, The Bauman Letter