The Wuhan Outbreak and Your Money
Adam D. Koós, CFP®, CMT®, CEPA
![Adam D. Koós, CFP®, CMT®, CEPA]()
Adam D. Koós, CFP®, CMT®, CEPA
President, Founder, Senior Financial Advisor, Exit Planning Consultant, Portfolio Manager, Market Technician, and Consultant to Financial Advisors
It’s an OUTBREAK! The news is buzzing, Netflix just launched a documentary on pandemics, and the financial headlines read:
“Global markets swoon as lethal virus in China spreads.” ~ Washington Post
“Wuhan virus isn’t just hitting Chinese stocks – here’s how global oil and bond markets are moving.” ~ Business Insider
“Stocks fall as Second Virus Case in U.S. Spooks Investors.” ~ New York Times
So what now? Should you be freaking out, selling your stock holdings and putting your IRAs, 401ks, and other retirement savings into cash and money market positions? Is this the final top of the 2nd-longest bull market in U.S. history?