As the market digests the quickly developing information related to the coronavirus disease, we will likely continue to see volatility in the stock and bond markets. The markets are doing exactly what they should be doing which is calculating the *possible* economic impact of the disease. While the markets are busy doing their job, it's time for us to do ours.
As I'm sure you've noticed by now, this has not been a great year for stock and bond markets. Most stock markets are now in what is technically defined as a correction. With all the volatility, negative news stories, and predictions of doom, I thought it would be helpful to look back over the history of market corrections to put this one into perspective.