sp'daily5
VIX'daily3
Summary
US equities opened powerfully lower, not helped via Asian and European markets.
Kudlow appeared in early morning...
Larry argued (t+2.57) "... frankly so far, it looks relatively contained... the vast majority of Americans are not at risk from this virus".
Relatively contained huh? It reminds me of the phrase "... being a little bit pregnant". Whilst yours truly is no more a Doctor of epidemiology than the Kudlow, I became aware that containment was lost many weeks ago. Even the notion of partial/relative containment is laughable. Corona is a global pandemic... regardless of whatever 'they' might want to call it.
Meanwhile...
Corona cases in the USA now total 241, with 14 deaths, and I sure don't see that as 'relatively contained'.
Equities leaned broadly weak into late afternoon, breaking a low of 2901, but seeing an upward spike into the close. Volatility soared, the VIX spiking to 54.39, but with equities recovering, settling +5.9% at 41.94.
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| Another flying can of Corona descending into London |
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| A moment of peace |
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| Full moon is March 9th |
Extra charts in AH (usually around 5pm EST) @ https://twitter.com/permabear_uk
Goodnight from London
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