Not long ago, the idea of a 10% drop in the markets seemed remote -- much less anything more. But in a world struggling to deal with the fast-spreading coronavirus, talk of a 20% decline is starting to emerge.
The MSCI all-country global index has dropped more than 7% over a six-day run, and the VIX was above 30 as of 8 a.m. New York time Thursday as S&P 500 futures tumbled. The 10-year U.S. Treasury yield dropped below 1.30%, remaining in record-low territory.
