Mohamed El-Erian: The stock market could still go back down to new coronavirus lows

The stock market could still touch new lows as uncertainty around the coronavirus pandemic persists, Mohamed El-Erian said Friday. 

“I don’t think we’re forming a bottom yet. I think we’re going down at a slower rate,” the chief economic advisor at Allianz said on CNBC’s “Squawk Box.” “There is a very important distinction there.” 

Calling a specific bottom is difficult task, El-Erian said.…

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