JPMORGAN: “Our daily trackers for China remain mixed at best but on balance continue to send a message of slow-to-no progress. More concerning from the global perspective is that the #COVIDー19 outbreak is broadening, threatening the outlook through 1H20 at least.” pic.twitter.com/MSR3bro4ue
— Carl Quintanilla (@carlquintanilla) February 26, 2020
The three most sustained sell-offs in S&P 500 in the last 5 years are all associated with China: (i) surprise RMB deval in Aug 2015; (ii) intensification of the US-China trade dispute in Oct 2018; (iii) COVID-19 now. A testament to how important China is to the rest of the world. pic.twitter.com/4tyt3uZ7yp
— Robin Brooks (@RobinBrooksIIF) February 25, 2020
CB Labor Differential Y/Y Change:
A negative shock colliding with a pre-existing employment slowdown can create a recession if the shock accelerates job losses. pic.twitter.com/z4m4HcUX5c
— Eric Basmajian (@EPBResearch) February 25, 2020
Wall St sell-off continues w/S&P 500 down >3% as investors anxious about prospects of coronavirus turning into pandemic w/longer-lasting implications on growth. CDC warns that it's not matter of “if” but “when” virus prevalent in US. S&P 500 registers worst 4d slide since Dec2018 pic.twitter.com/6U1kZoJuz3
— Holger Zschaepitz (@Schuldensuehner) February 25, 2020
boom: disruptions going to last entire 1h20 t.co/23VbraaJVo
— Alastair Williamson (@StockBoardAsset) February 25, 2020
SG : #China How many factories have resumed production?
Weighted avg. 66%BUT they note: resumption of operations does not mean business as usual. The overall capacity
utilization rate may be just 50%, due to a labour shortage, lack of demand and/or supply-chain disruption. pic.twitter.com/LGPHvKvYPL— 𝕮𝖍𝖎 🛢️ (@chigrl) February 24, 2020
Highlight: "It's certainly conceivable this issue with this coronavirus will go well beyond this season into next season," NIAID Director Anthony Fauci says. "So a vaccine may not solve the problems of the next couple of months but it certainly would be an important tool." pic.twitter.com/RvYdPt1QeS
— Yahoo Finance (@YahooFinance) February 25, 2020