Coronavirus fallout could spark the next serious correction, market bull Ed Yardeni warns TradingNation
broke four-day win streaks on Friday, but they're still up 3% and 2%, respectively, on the year.
"The global economy was actually starting to show signs of improving before the virus became headline," said Yardeni. If the coronavirus outbreak contributes to the market's next serious leg lower, he believes U.S. stocks will rebound quickly. "Interest rates are so extraordinarily low," he noted. "The central banks have basically provided no interesting reasons to buy in the fixed-income markets and lots of reasons to buy in the stock market.""If I've got some spare cash, I'd like to just keep it as dry powder until I get a little bit more clarity on this coronavirus," Yardeni said.
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