The coronavirus issue is likely to linger for some time.

GERMANY PUBLIC HEALTH AGENCY PRESIDENT SAYS OUR ASSUMPTION IS THAT IT WILL TAKE ABOUT TWO YEARS FOR THIS PANDEMIC TO RUN ITS COURSE— Quantitative Trading (@fiquant) March 17, 2020

Up to 70% of Germany could become infected & some countries like the UK are even considering herd immunity as a strategy :

"I’m an epidemiologist. When I heard about Britain’s ‘herd immunity’ coronavirus plan, I thought it was satire"

- William Hanage

What if their models are broken ?

Many companies like WeWork or Oyo have been fast and loose chasing growth while slower growing companies have been levering up to fund share buybacks. Airlines spent 96% of free cash flow on share buybacks .…