By Tom Winnifrith | Friday 6 March 2020
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
It may seem tasteless to consider such matters but the reality is that Covid 19 is spreading and whilst the numbers infected are still a drop in the ocean the fear is palpable and the effects on the real economy are already clear. The Fed may have slashed base rates by ½% earlier this week but, like the markets which promptly puked, I do not see this curing anything. Folks are not going to start spending again just because money is a bit cheaper, further cheap money will not solve a snagged up supply chain...
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