https://www.schwab.com/resource-center/insights/content/qa-on-covid-19-economy-markets-and-what-investors-should-doQ&A on COVID-19: The Economy, Markets and What Investors Should do
Key Points
While it is hard to predict the economic impact from the coronavirus (COVID-19) in the first quarter given little yet reported and many unknowns, most economists are anticipating a rebound later this year.
Two of the best performing stock markets in the world so far this year are China and Italy, where COVID-19 outbreaks have been focused—reminding us that headlines don’t often make for good investment advice.
Rather than trying to call the bottom, a more effective way to think about investing right now is to focus more on the duration rather than the decline. Markets may have further to fall, but they may not stay down for the rest of the year barring a severe pandemic.
