COVID-19 Infects the Markets


March 2020

To get a sense of how damaging COVID-19 might be to the US equity market, look to the market dislocation in 2018, when investors priced in a high probability of global recession.

In a new paper from the Market Pulse series, QMA examines the negative impact that pandemics have on both the economy and risky assets, and assesses the implications of the novel coronavirus (COVID-19) shock on global markets.