It Was Overdue- Earnings: AP, FN, AI, CRR, Preferred Shares
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Better late than never, as the world lurches to an 'all hands on deck' status to battle the Coronavirus outbreak.
Valuable response time was allowed to slide by, catching up to control the spread of the virus is urgently needed to prevent the sheer number of cases from overwhelming the health system.
Financial markets have become exceedingly volatile, trying to build this unknown into values. A known is, there will be an enormous earnings gap beginning in early Mar-2020 and hopefully ending no later than the end of Q2-2020. Sectors not directly impacted are still exposed, depending on economic inter dependence.
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