Local Investment Analyst Quoted on Coronavirus, U.S. Economy in Fortune Magazine Online Article
Business
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THURSDAY FEB 27, 2020 |
Raul Elizalde, president and chief investment officer of Sarasota-based Path Financial, was quoted in a Fortune Magazine's February 25 online article regarding the potential impact of the Coronavirus on U.S. markets. "Many U.S. businesses that are deeply intertwined with the global economy—apparel, electronics, energy—are issuing warnings that their results are likely to be affected because of the virus. The only question is the extent of the damage, and that will depend on the duration and extent of the disease’s spread," Elizalde said. "This is why the stock market's weakness cannot be just dismissed as simple volatility. The effects on the real economy are very likely to be real." Click here to read the full Fortune story: https://fortune.com/2020/02/25/coronavirus-cdc-stock-market-dow-s-p-500/
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