If consumption crashes, doesn’t matter. Imagine entire regions to whole country basically at home for 3-6 weeks. Defaults will blow everywhere.
— DankWater (@Dank_H2O) February 28, 2020
Powell and Trump and the rest of them are very delusional about how strong this economy is. There wouldn’t be soaring deficits if it in good shape. Another week or two of bad market sentiment and we’ll be in a full blown recession before they know what hit em.
— hks55 (@hks55) February 28, 2020
FUNDSTRAT: “This market is not NORMAL, .. and despite mounting fears and no 'end date' odds still favor V-bounce and bottom this week … Even as the bad news continues and the risk of an eventual US outbreak is high.” @fundstrat pic.twitter.com/Y8TDnAZ7wI
— Carl Quintanilla (@carlquintanilla) February 28, 2020
Worth remembering:
Nothing is more violent than bear market counter rallies.— Sven Henrich (@NorthmanTrader) February 28, 2020
A rate cut will fix supply chain? pic.twitter.com/cXe8985IAO
— A.Urban (@AlessioUrban) February 28, 2020
New York City says it is unable to reliably test for coronavirus: "The kits that were sent to us have demonstrated performance issues and cannot be relied upon to provide an accurate result" – ProPublica
— BNO Newsroom (@BNODesk) February 28, 2020
BREAKING: At least 210 people in Iran are believed to have died of coronavirus, according to the BBC, citing hospital sources. The official death toll is 34.
— BNO Newsroom (@BNODesk) February 28, 2020
GOOGLE EMPLOYEE TESTED POSITIVE FOR CORONAVIRUS: BUS. INSIDER
— *Walter Bloomberg (@DeItaOne) February 28, 2020
The death rate, in China, is now 3.5% and continues to rise. 35x more deadly than the seasonal flu.
The mortality chart was done on Chinese cases through Fen 11, when the death rate was 2.3%. Worse now.
This is serious, please no more "flu truthers." https://t.co/wgPRbY4Kj1 pic.twitter.com/0AQIrpkvyY
— Jim Bianco (@biancoresearch) February 28, 2020
If this level of volatility persists, the US stock market will crash
— Keith McCullough (@KeithMcCullough) February 28, 2020
No commerce, no travel, 0 income.
— Secretary of Finance (@SecrFinance) February 28, 2020
I wrote about what might happen when an epidemic like coronavirus hits a country like America, with no guaranteed paid time off for workers and bosses that can fire people for calling in sick. "Don't go to work sick" isn't that simple. https://t.co/orMy26TBID
— Amanda Mull (@amandamull) February 28, 2020
so many companies revising or don’t even have a guidance for 2020 now… = earnings unknown, and as they cut costs, next : hiring freeze, NFP and UE rate next months could easily turn very sour. JOLTS already tanking but for totally different reasons.
— 𝘬𝘢𝘪 (@MacroTechnicals) February 28, 2020