Stocks fell sharply on Wednesday as investors worried that the latest increase in coronavirus infections could halt the global economic recovery.
Here’s what three experts are watching.
Jim Cramer, host of CNBC’s “Mad Money,” said stimulus is needed to mitigate the economic fallout.
“I just think that there’s going to be a call for lockdowns the likes of which we’ve seen in Chicago, and I think that the lockdowns without the stimulus equals what we’re seeing, and I think it’s a shame because had there been stimulus, we would then be focusing on earnings, and the earnings are actually pretty darn good. … So it’s almost impossible to avoid the European syndrome, if [German Chancellor Angela] Merkel’s talking about closing bars and restaurants,