Pick up any product on your desk right now – a stapler, a pen, even your keyboard – and it probably says those three little words, “made in China.”
As the second-largest economy in the world, China produces over $25 trillion in products a year.
But the country’s economic growth has hit a major roadblock – the coronavirus.
This pneumonia-like virus has already killed over 2,000 and infected 75,000 people worldwide, and its epicenter is home to one of the world’s largest economies.
As the coronavirus continues its rapid spread through China, revenues will suffer. Which, in turn, could pull stocks in world markets down drastically.
In fact, it already has…
On Monday, Apple Inc. (NASDAQ: AAPL) announced that it expects revenues to suffer this coming quarter – news that caused the stock to open a full 3% lower Tuesday morning.
AAPL is just the beginning. Revenues across multiple industries are about to feel the effects of the coronavirus.
While stocks around the world fall, this is the only way to protect yourself – and your portfolio…