Strategists said stocks would only bottom when more fiscal stimulus is rolled out and the coronavirus outbreak stops worsening.
Wall Street strategists believe any near-term rebound would be short-lived unless a peak in coronavirus infection rate is in sight and more fiscal stimulus is rolled out.
During the SARS crisis in 2003, the market troughed a week after infection cases topped, said Andrew Garthwaite, global equity strategist at Credit Suisse.Spencer Platt | Getty Images Mislav Matejka, head of global equity strategy at JPMorgan, gave three things that need to happen for a rebound to occur: "1. We get a much more aggressive fiscal policy response, 2. If the original problem, virus outbreak, starts showing clear signs of seasonality/peaking out, or 3.
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