The market broke its near term uptrend and fell between 5% – 7% for the major indices. There has been a lot of optimism surrounding the reopening of the US economy and investors are looking past the near term headwinds to price growth into 2021-2022. Technology stocks were hit hard, but not nearly as hard as value stocks. Big Technology remains a popular place to park money in the equity markets as the big get bigger. Airlines, Aerospace and Hospitality stocks were rocked hard as the Coronavirus continues to raise questions about these business models.

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