DUK - 3 No-Brainer Coronavirus Bear Market Buys
What we're witnessing right now is truly unprecedented, both in mitigation response terms to the spread of coronavirus disease 2019 (COVID-19) and the roiling of financial markets around the globe.
As of March 15, this lung-focused illness had claimed the lives of nearly 5,800 people worldwide. Mitigation measures that would have seemed unimaginable even weeks ago to curb its spread are now commonplace in a number of developed countries. Italy, Spain, France, and Belgium are on a near-total lockdown, with select U.S. states having followed with mandated closures of restaurants and bars.
Coronavirus has also led to record-breaking volatility in financial markets. The 123-year-old Dow Jones Industrial Average screamed into bear market territory faster than any previous bear market, with the iconic index also recording seven of its nine largest single-session point declines in history (as well as its four largest single-session gains), through this past weekend.