disaster

Last night's coronavirus speech by US President Trump was poorly received by markets. US equity markets were jittery after closing in bear market territory. So, people were looking for concrete stimulus measures to have reason to buy shares…

We are now to the point where it's clear the coronavirus situation will last for weeks and months to come as more and more countries are forced into the lockdown and quarantine approach to slow the virus down. This is a matter of life and…

The S&P500 futures index are limit up as I write this. What a turnaround this is from yesterday. It shows you that volatility will rule the day until we get certainty on the economic and market issues behind the coronavirus epidemic.…

Setup We are set for yet another down day in equity markets, with S&P and Nasdaq futures showing 3% losses as I write this. The real moves are in the bond market though because we've seen 20 basis point moves at the long-end of the…

I am growing a bit weary of all of the doom and gloom associated with the coronavirus outbreak. And I bet many of you are as well. Unfortunately, it is what is dominating both headlines and people's minds because it activates deep-seated…

With regard to coronavirus, I am still very much focused on the economic fallout. But I do want to circle back around to the themes that inspired my post on market structure vulnerabilities amidst a coronavirus pandemic. What’s inspired me…

*I started this post about 8:30 EST. So, hindsight tells me the part on market tone is on the money, as the market is selling off a bit. Market tone So, I was right yesterday morning about the potential for a relief rally. It was a pretty…

A relief rally is probably the best we can hope for at this juncture. Bond yields are still plummeting, showing both risk-off sentiment and an expectation that monetary easing is coming For example, the market is now pricing in with near…

Markets in the US are poised for another day of heavy selling as the weekend approaches. And the worry has to be about having open positions over the weekend when any bad news would cause heavy selling pressure at market open on Monday. So,…

I am doing a interview piece for Real Vision today, in which I will ask a number of veteran market players what they're seeing as the coronavirus scare takes full form. So, in preparation for that, I am writing this piece, because I think…