Imagine if 1 in 4 goods imported from Asia suddenly stopped coming. Impact just starting.

Port of Los Angeles is projecting a 25% drop in container volumes this month, as the economic impact of the coronavirus spreads across shipping operations and foreign supply chain. Imagine if 1 in 4 goods imported from Asia suddenly stopped coming. Impact just starting.

— Eric Lipton (@EricLiptonNYT) March 1, 2020

Probably the single most important headline this week:

– After just one week from the outbreak, Northern Italy is already considering expanding its hospital beds capacity because 1 in 11 patients goes in ICU

— Luca Dellanna (@DellAnnaLuca) March 1, 2020

Important factors if we bet on a speedy recovery of stocks:

– Central banks were already injecting billions and cutting rates.
– Macro data was already weak before the epidemic.
– Earnings' season was very poor.

In other fast recoveries, growth and earnings were more robust. pic.twitter.com/la3Fn6JtKH

— Daniel Lacalle Official Account (@dlacalle_IA) March 1, 2020

https://twitter.com/virgil1618/status/1233904295176740864

Investors cast a wary eye on Monday's market open as bad news continues to pile up https://t.co/v0Ui5Cyihb

— Bloomberg Asia (@BloombergAsia) February 29, 2020

https://twitter.com/Fxhedgers/status/1233984784092684288

https://twitter.com/QTRResearch/status/1234078108610957317

Never before now have 4 major public comp CEOs announced their departure on the same day. Yet that's what happened on Tue, at height of mkt panic over coronavirus. CEO departures were record 219 in Jan. 36.5% of departing CEOs stepped down into a board pos https://t.co/BGZJsYAMkc pic.twitter.com/nCcDF3pKrx

— Holger Zschaepitz (@Schuldensuehner) March 1, 2020

https://twitter.com/MacroTechnicals/status/1234069852190584833

Economic impacts >>#Lufthansa Plans to Slash a Quarter of Flights on Virus’s Hit to Travel

German flag carrier to cut short-haul flights, ground planeshttps://t.co/Nt6mEVedLq #jetfueldemand pic.twitter.com/Tg7HTiefmW

— Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) March 1, 2020