Goldman says market underestimating coronavirus risk: ‘Correction is looking much more probable’

Goldman says market underestimating coronavirus risk: ‘Correction is looking much more probable’

Trader on the floor of the New York Stock Exchange.

Brendan McDermid | Reuters

Goldman Sachs sounded the alarm on Wednesday to clients about a possible correction in the stock market, noting investors are underestimating how big of a risk the coronavirus really is.

“We believe the greater risk is that the impact of the coronavirus on earnings may well be underestimated in current stock…

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