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Financial advisors, travel agents share Coronavirus concerns

As the virus spread globally, so too does the fear which local advisors and travel agents say is having

Posted: Feb 26, 2020 10:12 PM
Updated: Feb 27, 2020 8:26 AM

(ST.JOSEPH, Mo.) As the Coronavirus spreads worldwide, so too does the fear associated with it.

Global uncertainty from the virus has left an impact on the global economy. Local financial advisors said the fears lead to economic disruption.

"Concerns have been heightened," Gabe Rockers financial advisor Edward Jones said. "Uncertainty drives markets in a volatile or a choppy fashion, this is an uncertain moment or an uncertain piece of news."

Those who work in certain industries are also feeling some of those effects. Krystin Turner, a local travel agent who works for Dreams Unlimited Travel specializing in Disney vacations, said since the outbreak began her clients have had more questions.

Her best advice for travelers no matter where they’re going is to protect their investments.

"My recommendations would be insurance for sure," Turner said. 

Turner said the two Disney parks in China have been closed for weeks, and Rockers said he expects quarantines in the area will have some effect on global growth in the short term.  

Despite these concerns, Rockers said this scenario isn’t a new one for the markets and that this too shall pass.

"I would personally expect this to be no different," Rockers said. 

Rockers said he maintains a positive outlook on the situation so long as there are no quarantines in the United States. 

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We have had rain off and on this Friday afternoon across northeast Kansas and northwest Missouri. Scattered showers will continue off and on through the evening and overnight hours. A few showers could linger through the day Saturday but the rain will be lighter than today and much more scattered. Temperatures will slowly start to warm Sunday into Monday as sunshine returns and conditions start to dry out. Another cold front is headed our way Monday night and that will bring us a chance for rain and possibly some snow into Tuesday morning as the colder air surges into our area. Temperatures look to stay unseasonably cool through the rest of the next week.
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