Wednesday 1 April 2020

Ugly start to April and Q2

US equity indexes closed powerfully lower, sp -114pts (4.4%) at 2470. Nasdaq comp' -4.4%. Dow -4.4%. The Transports settled -4.9%.




It was an ugly start to April and Q2, with US equities opening powerfully lower on renewed concerns of Corona. The market leaned broadly weak into the closing hour, with the SPX printing 2447, just 103pts shy of min' downside target of the upper end of red gap,

Volatility picked up, with the VIX settling +6.6% at 57.06.

Corona updates

First, the Denniger...

Second, from a few days ago, Dore, on a spiraling situation in Italy...

When the Government order you to stay home, taking away your source of income, and when you finally run out of food, what do you expect MILLIONS of people are going to do? The societal and economic implications should be clear, and they are ARE terrifying, as the lockdown is set to continue for weeks to come.

Finally, Rogan with Dr Hotez

Extra charts in AH (usually around 5pm EST) @

Goodnight from London
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