Coronavirus is causing a lot of disruption in the global markets. Treasuries are at all-time lows as investors dump riskier assets in search for safer options. The stock markets have plummeted and are whipping out massive gains (dow dropped nearly 4,000 points this week alone; 30-stock benchmark plummeted nearly 1,200 points on Thursday, its biggest 1-day drop EVER; S&P has dropped more than 10%, the fastest slip into correction territory since the Great Depression). Was anyone else's offices enamored by Tesla's recent stock rise this past month? All of those gains [last month] are whipped out due to the scare of its China operations.
What are your guys' thoughts on this topic? Obviously this is going to have many direct (and indirect) impacts to the commercial real estate industry. My company has many developments in process (thankfully covered by GMPs) but there's major concerns of supply constraints regarding materials. On the positive, we're accelerating a few refis that were going to be done later this year, which will be accretive compared to our previous projections.