There cannot be many positive aspects to the coronavirus outbreak, but I wonder if it carries one for stock markets.
We had been told repeatedly, before all this, that the markets badly needed a ‘correction’ after their uniquely long bull run.
If they were now sliding because of a banking or commercial event, confidence might collapse. If, however, they are falling because of a disease, will it also mean that confidence will recover more quickly once the disease is contained?
This is an extract from Charles Moore’s Spectator Notes, available in this week’s magazine.
Got something to add? Join the discussion and comment below.