Coronavirus has made a reasonable impact on the market. Things fell a bit but are back where they started. However, instead of focusing on the big esoteric risk of the virus, it might be more productive to think about the specific sectors where the virus is gong to have an impact no matter what. Take for instance luxury retail, which is reportedly getting walloped by the virus. Why you might ask? Chinese tourists have vanished from the fancy shops of New York, Paris, and Milan, which means top luxury brands aren’t selling as many glitzy handbags.
FINSUM: There are going to be many of these niche areas that will be hurt by the virus, but don’t immediately come to mind when you consider its impact.