Excerpt from Louis Navellier's Marketmail - 01/28/2020
source: www.thenewhumanitarian.org
Crude oil prices collapsed, and international travel and commerce have slowed dramatically due to fears of the Coronavirus emanating from China. China is sensitive to criticism and slow to release new information on the outbreak, so expect the numbers to rise. Wuhan and at least 14 other cities in China’s Hubei province (with approximately 58 million people) are under lockdown in an attempt to contain the virus. Even Disneyland in Shanghai is closed down.
China’s slow reaction and initial cover-up of the SARS outbreak in 2002 and 2003 was widely criticized by world health experts, so China is trying to be much more proactive this time around, but be aware that the market has recovered from bird flu, swine flu, SARS, Ebola, and Mad Cow scares in the last 30 years.
I also want to draw your attention to my associates’ views of the Friday correction related to the virus emerging from China, beginning with Bryan Perry’s look at some strong stocks and those at risk. Gary Alexander takes a longer view (as usual) of employment, in anticipation of next week’s jobs report. Ivan Martchev takes a look at sinking Treasury yields resulting from the scare. Jason Bodner has anticipated a correction for several weeks now, so he examines whether this is the opening shot or just a warning.
A Look Ahead
By Louis Navellier
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Growth Mail
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Global Mail
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Assessing the Coronavirus Panic's Impact on the Market
Sector Spotlight
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Is This the First Shot of the Long-Awaited Correction?