The current coronavirus outbreak hearkens market participants back to the 2003 outbreak of SARS in China.
easiest analogue to the current coronavirus outbreak was the spring 2003 outbreak of Severe Acute Respiratory Syndrome (SARS
Previous experience with SARS, bird flu, and swine flu suggests that a trough in economic activity tends to occur one month to one quarter after the outbreak of the virus. In the 2nd quarter of 2003, the S&P 500 (SPY) soared 12% and long Treasuries (TLT) climbed 5%. Given that tensions between U.S. and China have often dominated market concerns over the past 18 months, a mobilization of U.S. Center for Disease Control personnel to help contain the virus spread in China may be viewed as a potential positive by markets. https://seekingalpha.com/article/4318933-coronavirus-thoughts?utm_source=push&utm_medium=onesignal&utm_campaign=28-1-20-article