Wall Street thrives and relies on numbers. Anything that’s measurable and helps forecast investment value is eventually used in formulas and algorithms.
COVID-19’s global spread, however, has confronted stock market analysts with a unique challenge. The virus’ unique characteristics—especially the 14-day incubation period—have made it problematic for medical professionals to accurately forecast and adequately prepare for.
More important to investors, economists remain flummoxed measuring and therefore predicting the impact of COVID-19 on the economy. That’s includes fallout from governments’ actions to contain the virus, as well as the reaction of businesses, organizations and consumers to news of its spread.
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