A Market Pandemic – WSJ


The World Health Organization (WHO) still hasn’t declared the novel coronavirus a global pandemic, but you wouldn’t know it from Monday’s convulsions in financial markets. The economic slowdown that started in China is now infecting global supply chains, and the economic harm may be broader than predicted.

The trigger for the 3.5% or so plunge in stock indexes was a spike in new coronavirus cases over the weekend in Japan, South Korea, Italy and Iran. This suggests a global breakout that may take longer to contain with more…


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