Image Source: World Health Organization, Coronavirus disease 2019 (COVID-19), Situation Report -- 32
By Brian Nelson, CFA
This is our third update on the Wuhan 2019 Novel Coronavirus, now named COVID-19. You can read our first two updates here (Feb 7) and here (Jan 31). Let’s first start with some high-level thoughts and then we’ll go into further developments related to COVID-19.
For starters, thanks to a massive liquidity injection by China (FXI), in many ways, the markets are reacting counter-intuitively to the outbreak of COVID-19. For one, we might have expected