Market fears over the coronavirus sharply resurfaced this week by skleb1234
Adding to the bad news on Friday were signs of a slowdown in the U.S.
, which both came in well below expectations: IHS Markit’s PMI service sector registered at 49.4 , while manufacturing also declined—but isn’t yet in contraction territory.“Stocks experienced a minor bout of indigestion during the holiday-shortened week, although, in aggregate, the declines weren’t too dramatic,” wrote Vital Knowledge founder Adam Crisafulli in a note on Friday. He continues to find stocks “unappealing, largely on valuation grounds,” since clear “signs of market excess abound.
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