An Airline Pair Trade on Coronavirus and a Market Selloff

Nobody knows how the Coronavirus situation will play outThe closest comparison is the SARS (severe acute respiratory syndrome) crisis, which triggered a 15% selloff in the S&P 500 in late 2002/early 2003. SARS was contained within a few months, and no known transmissions have occurred since 2004. It’s impossible to know if one should buy the dip r…

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