Supply-chain disruptions and a demand shock caused by the virus could already be causing cash-flow problems for businesses, the strategists say.
One strategist points out that the jobs report shows that the economy recovery some expect after the virus is contained is in the cards.
The short-term effects of the epidemic, like $110 billion in missing airline revenue, are pretty obvious. The long-term effects are more speculative.
Gundlach also said in the interview that he likes gold here. The precious metal is one of the standout winners from the outbreak and Goldman agrees.