Goldman Sachs warns a ‘near-term correction’ risk for stocks grows as coronavirus complacency abounds

Stocks look ready to take a breather and you can blame that on some fresh coronavirus worries. Japan reported two deaths from a cruise ship and South Korea told 2.5 million people to stay home following its first casualty. While investors may be tired of hearing how virus-complacent they are, as stocks keep busting records, our call of the day from Goldman Sachs is saying exactly that. “In the nearer term…we believe the greater risk is that the impact of the coronavirus on earnings may well be underestimated in current stock prices, suggesting that the risks of a correction are high,” chief global equity strategist Peter Oppenheimer told clients. The virus history books — SARS in...