Special Update: Coronavirus
Submitted by Queen City Capital Management on March 20th, 2020Volatility has surged in the financial markets, as investors react to the potential economic and earnings fallout from the rapid global spread of the coronavirus. Over the past month, equity markets have dropped sharply as new cases of the coronavirus burgeon around the world. As of this writing, there are over 200,000 cases of coronavirus worldwide, 100,000 of which are still “active cases.” In the United States, there are approximately 7,000 coronavirus cases.
