Fair Value USA Comments
World Markets – USA – Fair Value Report – February
Markets have reacted to the scare of the Novel Coronavirus (2019-CoV) with very little data. So far, 2019-CoV appears to be less harmful than either MERS or SARS. If we peel away the swings that appear to be created by quick reactions to the virus and concentrate on factual data such as earnings and revenues, we can see a picture where market price levels are moving slightly ahead of earnings support.