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Genovese Burford & Brothers Blog

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Coronavirus: What's the Financial Impact?

Coronavirus: What's the Financial Impact?
We’ve received a number of calls about the Coronavirus outbreak and thought we’d share our initial thoughts of what the longer-term impact might be on financial markets.  We recognize the human tragedy of the outbreak and understand the concerns about the short-term volatility that similar events have brought to financial markets.  History suggests the long-term economic implications might be fairly benign. According to the CDC (Centers for Disease Control and Prevention), as of January 27th, there have been five positive[1] cases in the United States with two in California.  Details are continuing to unfold.  Conditions in China are more dire and the city of Wuhan is subject to travel restrictions.  Medical reports such as these can be alarming and are reminiscent of other health scares such as the SARS (Severe Acute Respiratory Syndrome), Ebola or the Avian Flu outbreaks.  The timing of the coronavirus development is particularly impactful with it...
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