This from September 24, 2019 Barron’s:
Pandemics occur from time to time, so while they are hard to predict they are not unexpected. At around the same time, there was a serious bout of swine flu in China.
For now, based on what has occurred so far, we’ll continue to run on the view that FedEx, and more specifically the Dow Jones Transportation Average, are potential early indicators for the economy.