that the coronavirus market sell-off will worsen again in April, with the market bottoming lower than it did during the worst of the sell-offs in March.The market’s sharpest declines on Wednesday were in utilities and real estate stocks—both sectors dropped over 6%, with banks not far behind. The consumer staples sector held up the best, only dropping 1.8%.The Dow and S&P 500 fell 1.8% and 1.6%, respectively, on Tuesday—closing out their worst first quarters performances ever.
“economic data, earnings, and stimulus announcements are all subordinate to science... stocks care much, much more about transmission trends and treatment efficacy.”
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