Joseph Veranth, CFA, Chief Investment Officer and Portfolio Manager

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Infodemic: Reflecting on Coronavirus Statistics and the Market Selloff

Fear is the virus on which the news media thrives.

Viruses are with us everywhere and always. Illnesses defined under the umbrella of influenza kill between 10,000 and 50,000 Americans each and every year. Total annual deaths in the U.S. are about 2.8 million, so influenza makes up less than 2% of those deaths. Video of personnel in gowns and masks carrying sprayers invoke the fear response.

Past influenza epidemics include the 1957-58 Asian flu, the 1968 Hong Kong flu, and the 2009 Swine flu. The H1N1 Swine flu appeared in the United States first. There were estimated to be 60 million U.S. cases, but only 12,000 deaths. Worldwide, the Swine flu is estimated to have killed 200,000-500,000 people. 80% of those deaths were people under the age of 65.

So what do we know so far about the current Coronavirus? 

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