An interesting view of CoronaVirus is the shanghai composite. Had a steep drop and a return when headlines started saying slowing pace.
US markets being so liquid have dropped ahead of the worse news creating potential for a steeper drop, nevertheless, being ahead of the virus and having the benefit of awareness, the "slowing down" / "No new cases" headlines isnt far away
All things equal, i'd suggest its a V shape recovery followed by a continued by another correction in April (earnings)