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‘Defining Moment’ For Markets As BoJ Kicks Off Central Bank Response After Dire Weekend News Flow
Dour Chinese PMIs and a significant deterioration in the news flow around the coronavirus epidemic f
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The Markets In Turmoil special is usually good for a bounce, but given news flows that doesn’t seem likely. FWIW – that logo CNBC uses looks like what would happen if The Terminator and a bear with a fierce cocaine habit had a child. Actually, maybe that’s apropos now that I think about it.
The market will definitely be balanced on the head of a pin this week. I’m sure we’ll see a few hundred points of travel on the S&P and probably not all in the same direction. Anyone who was wishing for the return of volatility a few weeks ago might now be considering that whole “careful what you wish for” thing….
H-Man, the Black Swan is flapping her wings, not a furious pace, but she is getting angrier by the moment.
Heis – It may be worth looking into the potential impact of force majeure triggers in global trade contracts.
Speaking on behalf of all Americans, I can promise the world that we will freak the F out over this virus, regadless of whether it’s merited. World … you’re welcome! Yes, we know you didn’t say thank you.
To assist readers with updated news flow from West Coast…
Seattle area cases quickly up to 10, ranging from a high-schooler to elderly folks in a care facility.
Santa Clara (Silicon Valley) reporting 2 more community spreads on Sunday evening.
Now that more test kits are finally available, it seems highly likely that reports will start popping up in most populated areas out here on West Coast.
Oh well, at least the weather has been nice, lately…