Coronavirus has ravaged the stock market and the extreme selling may just be starting

Coronavirus has ravaged the stock market and the extreme selling may just be starting

coronavirus morphing into a global pandemic — where $2.5 trillion has been wiped off the value of U.S. stocks since last Wednesday’s high per S&P data — is approaching the average bull market percentage pullback. But the losses have come in only four days and there remains significant uncertainty as to how bad Corporate America’s profits will be hit.’ data-reactid=”18″>The current correction spurred by fears of the coronavirus morphing into a global pandemic — where $2.5 trillion has been wiped off the value of U.S. stocks since last Wednesday’s high per S&P data — is approaching the average bull market percentage pullback. But the losses have come in only four days and there remains significant uncertainty as to how bad Corporate America’s profits will be hit.

Trust me, I talk to loads of top executives — off the record they are saying it’s hard to even estimate the impact not only in the first quarter, but into the summer. But you could hear the concern in their voices.

That uncertainty and financial risk has to get priced into stocks. It likely will as infection and death tolls from coronavirus stand to rise globally in the weeks ahead.

It hasn’t been all easy money during the latest bull market.

Brian Sozzi is an editor-at-large and co-anchor of The First Trade at Yahoo Finance. Watch The First Trade each day here at 9:00 a.m. ET or on Verizon FIOS channel 604. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn.‘ data-reactid=”38″>Brian Sozzi is an editor-at-large and co-anchor of The First Trade at Yahoo Finance. Watch The First Trade each day here at 9:00 a.m. ET or on Verizon FIOS channel 604. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn.

Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, SmartNews, LinkedIn, YouTube, and reddit.‘ data-reactid=”49″>Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, SmartNews, LinkedIn, YouTube, and reddit.

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