Brent Woyat - Jan 29, 2020
By now, you have probably heard about the coronavirus outbreak in Wuhan, China. As of now, there have been about 7,087 confirmed cases, with over 169 deaths.
A new strain of coronavirus is behind the current outbreak. First identified in Wuhan at the beginning of the year, the virus is transmittable from person to person and can cause severe pneumonia, especially in the elderly and people with weak immune systems. The outbreak seems to have worsened in recent weeks, with travelers from China carrying the virus to multiple countries. In response, Wuhan has gone into lockdown, and many countries have evacuated their citizens.
The other concern is what will happen if this outbreak turns into a worldwide pandemic. I’m not a scientist, but that seems more like a scenario for Hollywood screenwriters than investors. On the other hand, China’s decision to put a city of 11 million people on lockdown is a good indicator that they are taking the problem seriously and don’t want it to get worse.
As always, the real culprit here is uncertainty!