COVID-19 related fear has gripped markets, driving the Dow Jones Industrial Average and the S&P 500 Index into bear territory. As difficult as these markets are for all of us, there are reasons to be reassured coming out of China, specifically in Wuhan, the epicenter of the outbreak.
Yesterday in a sign of an improving situation in Wuhan, the last two of 16 temporary hospitals built to help COVID-19 patients were shut down. The last patients were discharged to cheers from onlookers as containment measures put in place appear to be working well to curb the spread of the virus, with only 15 new cases reported yesterday. The city has been on lockdown for more than 50 days now.