Quote:Goldman Sachs said on Wednesday the S&P 500 bull market, the longest on record, is likely to end soon, forecasting a 28% slump from its February peak as the fast-spreading coronavirus is seen taking a toll on corporate profits. The bank expects the S&P 500 to hit 2,450 points, down 15% from current levels, by mid-year, followed by a bounce back in the fourth quarter to 3,200 points.S&P 500 bull market will soon end: Goldman Sachs - Reuters
Quote:The president of the European Central Bank has warned that the coronavirus outbreak will spark an economic downturn in Europe similar to the 2008 financial crash unless EU governments provide financial support for their economies. Christine Lagarde held a call with EU leaders on Tuesday night to urge them to take action and raise spending in order to counter the economic effects of Covid-19, a source with knowledge of the matter told Bloomberg. Coronavirus could cause crash on scale of 2008, Lagarde warns | World news | The Guardian