The economic outlook for 2020 is far from clear, especially with deepening concerns on the effect of the coronavirus which may affect global growth and dampen the earnings of companies. The European Commission described the outbreak and spread of the coronavirus and its economic impact as a key downside risk. However, the interpretation on the effects of such a virus has been totally different for the majority of global markets. In fact, US and European markets continued to rally and reach all-time highs.