JPMorgan Is Latest to Suggest Buying the Coronavirus Dip
- Market fall tends to bottom when the number of cases plateaus
- Already some signs of investors pausing flight from China
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JPMorgan Chase & Co. is joining the chorus of strategists and investors who say a deadly coronavirus outbreak in China may prove to be a buying opportunity.
“What tends to happen is that the market bottoms when the cases plateau,” said Gabriela Santos, global market strategist at JPMorgan Asset Management in New York. “Perhaps it’s a buying opportunity, especially in emerging Asia.”