the global economy, already in a vulnerable period, is susceptible to shocks – that is what #coronavirus is – shocks are what tilts economies into recession – world trade growth to be hit – commodities and bonds already repricing slower growth ahead. pic.twitter.com/76914NYUCd
— Alastair Williamson (@StockBoardAsset) February 8, 2020
Zero pickup in manufacturing hours worked pic.twitter.com/f7Zt9iDVKF
— Eric Basmajian (@EPBResearch) February 7, 2020
— Jesse Felder (@jessefelder) February 7, 2020
A reminder of what a peak in the business cycle has implied for EQs. 93% of ‘19 rally was driven by P/E. Gains powered by multiple expansion are not sustainable w/o a big boost from E & current market pricing is a pipe dream. Long-term business cycle dynamics have already peaked. pic.twitter.com/4WY0EhbTqI
— Julien Bittel, CFA (@BittelJulien) February 7, 2020
— Sven Henrich (@NorthmanTrader) February 8, 2020
'Crisis mode': Coronavirus disrupts the heart of electronics manufacturing in China t.co/rh1YFo7HQT
— M/I_Investments (@MI_Investments) February 9, 2020
As China now has placed over 400 million of its citizens under quarantine, China’s economy is grinding to a halt.
The list of warning signs for the rally that pushed U.S. stocks to another record is growing longer. As the S&P 500 Index embarked on a torrid four-day advance, corporate executives and officers have stepped up selling shares in their own companies…
Evercore ISI Chairman Ed Hyman said he sees no economic growth in China in the first quarter due to the deadly coronavirus.