We can all read what's happening in Mexico City. The gov't is cancelling large public events, and are urging people to stay away from crowds. To me, this means stay away from shopping malls as well. I can't see any type of rally in the reits with a potential pandemic around the corner. Possibly AMZN or other online retailers would be a nice move to the upside.
But, will it effect the market is another question.
Sounds like Mexico city was already partly shut down on Friday.
Traders will assume that can't be good for retail sales.
Me, I'm not so sure. Some might go buy a ton of food and stuff.
The alarming thing I see so far is Mexico reporting 1000 people effected and 68 dead.
A 7% fatality rate would certainly get people worked up. However, I think they said something about now that they know something serious is going on and are taking steps, they expect that fatality rate to go down. Also probably those initial numbers are wrong. Maybe more than 1000 have it but most aren't serious enough to even go to the hospital.
Anyway, hard to tell this early.
But even if it's not serious, it might still move the market.