IIF cuts global GDP growth forecast to 1%, far below the 2.6% last year and the weakest since the global financial crisis. Revises China growth to just below 4.0% this year from 5.9% prev and US growth down to 1.3% from 2% prev. pic.twitter.com/Lk4NmkoSxv
— Holger Zschaepitz (@Schuldensuehner) March 5, 2020
Far be it from me to fall back on Fed data but the Beige Book seems like the first US survey to have captured potential economic ramifications of coronavirus which is mentioned 50 times in the text.
@Quillintel
@SoberLook pic.twitter.com/bc5LjwGmFl— Danielle DiMartino Booth (@DiMartinoBooth) March 5, 2020
S&P 500's average daily High/Low % range over the past 7 days is now at 3.9%! Pretty crazy volatility
When markets were this volatile in the past, the S&P 500 almost always rallied 3-12 months later.
The one exception? September 2008, just before stocks fell off a cliff pic.twitter.com/qE17gZS4c3
— SentimenTrader (@sentimentrader) March 5, 2020
Hotel occupancy rate in Hong Kong in January was at 59% before the virus hits (think of all the sectors related to this – retail, food & beverages etc) – never this low before: pic.twitter.com/ajxWhIw4Nc
— Trinh Nguyen (@Trinhnomics) March 5, 2020