As key Wall Street indexes extended their losing streak on Feb. 27, experts pointed to a growing concern among investors that the effects of broken global supply chains due to the novel coronavirus (COVID-19) may be greater than previously thought.
“COVID-19 brought the production and transportation of many goods to a near standstill from which they have not yet recovered, and at a time when pandemic concerns are still rising,” said Allen Sukholitsky, chief macro strategist at Xallarap Advisory.
