— Teddy Vallee (@TeddyVallee) October 30, 2020
— VIX Squared (@vixsquared) October 29, 2020
"We based our scenario on modeling by the Center for Infectious Disease Research and Policy (CIDRAP) at the University of Minnesota.
CIDRAP warned that every country needs to be prepared for a second wave this fall, and even for a third wave in 2021."t.co/qUgRpc8FkS
— Tuomas Malinen (@mtmalinen) October 29, 2020
As things stand, global stocks are on track for the worst week since the market dislocation in March.
TBH not surprising given where valuations are heading into massive event risk on November 3 (National Sandwich Day) pic.twitter.com/08V1BKUBh6
— David Ingles (@DavidInglesTV) October 30, 2020
Our daily update is published. States reported a record number of cases—88.5k—and 1.3 million tests. 46k people are hospitalized. The death toll was 1049. pic.twitter.com/CRsbyiBRSw
— The COVID Tracking Project (@COVID19Tracking) October 29, 2020
🇫🇷 Escaping Paris before the lockdown begins. pic.twitter.com/q1zfOvndOJ
— PiQ (@PriapusIQ) October 29, 2020
Market sentiment has turned bearish in no small part because of the unrelenting pandemic, the lack of a new stimulus bill from Congress, and the selloff in oil. All three are interrelated.
Wells Fargo Securities’ Michael Schumacher sees major headwinds over the next week to ten days.
The ferocity of the U.S. stock rout on Wednesday sent a measure of selling pressure to near the most extreme on record — an occurrence that’s become increasingly frequent in the past two months.
Komal Sri-Kumar, president and founder of Sri-Kumar Global Strategies, says the Covid-19 pandemic, the lack of another federal stimulus package and the U.S. presidential election are creating a trifecta of negative forces for markets.
deep economic scarring pic.twitter.com/8bLUlksmUl
— Alastair Williamson (@StockBoardAsset) October 29, 2020
#Apple tumbles after iPhone sales miss as new models anticipated and as China drops 29%. Apple’s quarterly revenue in greater China came in at multiyear lows. t.co/kN3xf6OTcg pic.twitter.com/wAcsZhT1LP
— Holger Zschaepitz (@Schuldensuehner) October 29, 2020