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One Wall Street expert warns the market’s coronavirus-driven meltdown could soon confirm a recession is looming — and explains why two-thirds of the damage is already done

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  • Recession fears returned to Wall Street last week as the novel coronavirus spread to more countries and changed the profit outlooks of multiple companies.
  • Lori Calvasina, RBC Capital Markets’ chief US equity strategist, examined what stock sell-offs have historically signaled about the economy based on their severity.
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It was only a matter of time before recession fears returned.

A global economic slowdown was the talk of Wall Street last summer because neither the US nor China appeared willing to compromise for a trade deal. Then shortly before year-end, both nations signed a “phase-one” read more >>>

Source:: BusinessInsider.Com