This week saw a break in the market’s race to new highs, as the coronavirus turned stocks downward on fear of its impact on global economic growth.
But stocks didn’t stay in the red for long. On Thursday, after some back-and-forth movement, all three major indices made their way back up and closed in the green.
That said, this virus is far from over. It’s claiming more lives every day, and on Thursday, the World Health Organization declared the outbreak a global emergency.
Before we know it, stocks could take another dip. But don’t pull your money out of the market just yet…
Here are three steps to protect your portfolio against the coronavirus…
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Sincerely,
Tom Gentile
