The market sell-off could reach 10%, but most analysts expect much less because of Fed backstop

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The market sell-off could reach 10%, but most analysts expect much less because of Fed backstop
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showed Sanders commanding 25% of the vote in Iowa, up six points since October and ahead of other candidates.

Online betting market PredictIt shows Sanders' odds of winning the Democratic nomination at 39%, 3 points above Joe Biden."I think the markets fear would be if either Bernie Sanders or Elizabeth Warren wins the nomination. Their policies are not pro-market," said Ed Keon, chief market strategist at QMA. "In a two person race, there's always a chance the underdog can win. If either looks like they're going to win the nomination, that could be a significant market event.

Analysts warn, however, there are other factors at work in the last 17 years. The Chinese economy is now attempting to recover, and it was faster growing in 2003. There is also much more mobility among Chinese citizens who travel more inside and outside the country and could more easily spread the virus.

Analysts say also note if there's a sudden surge of cases that could also rattle investors, and if there start to be large numbers of cases found outside of China, that could also shake the market.

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