Are you panicking yet about the coronavirus? The stock market is certainly infected as it reacts badly to the news of the pandemic. 

Today, I’m talking about the winners and losers with the coronavirus - at least in terms of sectors and the economy. Over the last week, some of the hardest hit sectors have been energy, consumer, transportation, and technology stocks have been the hardest hit. The stock market is bracing for less travel and less consumer spending if the world hunkers down for the coronavirus outbreak. A lot of individual companies that are closely tied with China, have been suffering as well. 

On the flipside, it shouldn’t be a surprise that some of the better performing industries include medical labs, grocery stores, tobacco, and paper products. Certain medical labs and healthcare stocks will certainly be some of the winners from the coronavirus if they can find a solution to curb the contagion. And in the meantime, the market is predicting that people will be stocking up on grocery staples, cigarettes, and toilet paper. 

Safe haven investments like US Treasury bonds and gold have also been doing quite well as fear grips the stock market. 

As I mentioned earlier this week, the stock market is down 12% in the last week as I write these tips because of the expectations over continued spread of the coronavirus. It remains to be seen if this is a short-term panic or the start of a more significant downturn in the economy and the stock market. 

My point with today’s tips is that no matter what is happening in the world, there are always both winners and losers and opportunity if you are able to shake off the fear to find it. I would encourage you not to panic and sell and abandon your long-term plan with your retirement because of a big market drop like we’ve seen. 

If it’s not the coronavirus, it’s SARS or a government shutdown, or natural disasters, terrorist attacks, a sovereign debt crisis, or a trade war. 

That’s it for today. Thanks for listening. My name is Ashley Micciche and this is the One Minute Retirement Tip. 

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