It didn't "pass" in China or Korea (FWIW: the Korean numbers seem much better attested -- lots of smart people continue to worry that China has been censoring news of further outbreaks). It's just controlled.
The quarantine measures required to control it continue to be required to control it. So while the virus itself might not be spreading, its economic effects persist until we reach herd immunity or distribute a vaccine. Both are year+ long time scales.
The market is, frankly, being much more rational than people expect. This isn't going to get better soon.
The quarantine measures required to control it continue to be required to control it. So while the virus itself might not be spreading, its economic effects persist until we reach herd immunity or distribute a vaccine. Both are year+ long time scales.
The market is, frankly, being much more rational than people expect. This isn't going to get better soon.