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…