“Our indicators tell us, we’re very close to a Lehman-like drawdown,” argues Larry McDonald, a former strategist at Société Générale who now runs The Bear Traps report.
FT, Feb 20, 2020 t.co/afuiL1ISDg
— Lawrence McDonald (@Convertbond) February 25, 2020
— Invariant Perspective (@InvariantPersp1) February 25, 2020
Here's how the coronavirus outbreak has changed earnings expectations globally.
So far, Asia/EMs/China are seeing downward revisions while the U.S. and Europe are largely still ok (though sector-wise you get more divergence) pic.twitter.com/JGrqXBnKkw
— David Ingles (@DavidInglesTV) February 25, 2020
🌐Global Cycle by @ISABELNET_SA Pandemic #coronavirus impact oncoming?🔴@TradersCom @EconGlobal @wheeliedealer @ISABELNET_SA @ThePitBoss16 @SpeculaThor @InvariantPersp1 @fxatpar @bocajoes @josep_codina @jraixelamarkets @paibad @XRP_589_Theunis @siddiqui71 @LordPolemos @scar_david pic.twitter.com/nkYHO8uI7n
— Antonio Pérez Algás (@apanalis) February 25, 2020
Harvard Professor Says 40-70% Of People Worldwide Will Be Infected With Covid-19 t.co/8Hbs6nQzNN
— FreeZerohedge (@freezerohedge) February 24, 2020
CDC RAISES TRAVEL ADVISORY TO S. KOREA TO LEVEL 3 THE HIGHEST LEVEL, DO NOT TRAVEL TO REGION, HIGH RISK
— FXHedge (@Fxhedgers) February 25, 2020
Returns since this cover last Thursday:
AAPL: -7% pic.twitter.com/fYj8wNV3yU
— Market Crumbs (@MarketCrumbs) February 24, 2020
"The virus could finally trip up the company, which has used debt to fuel growth in recent years. It has about $18 billion of debt in total."t.co/j1hGT5SAPs
— FreeMarkets-TQN-👑 (@TechQn) February 24, 2020
— CNBC Now (@CNBCnow) February 24, 2020
Global markets slid, bond yields plunged and gold prices rose.
The coronavirus epidemic is going to have a much bigger impact on the global economy than stock-market investors and policy makers had assumed.
Amid a 10-year-plus bull market, many investors can’t come to terms with the idea that there could be a substantial decline in the stock market.