|Day's Range||105.85 - 105.85|
The 2019 coronavirus or COVID-19 has infected over 82,000 people globally and roiled financial markets. Some are concerned and others view this as an overreaction. Here's what they're saying.
'Experience has taught us that global market shocks have generally created opportunities in specific businesses or entire sectors, especially for patient investors that are able to take a longer view' Continue reading...
The SEC has shut down another Bitcoin ETF citing market manipulation fears, and charges actor Steven Seagal for failing to disclose promotional payments.
'In the face of this anxiety, we want to explain how we’re factoring in the possible significance of this virus on the value of your investments,' Portfolio Manager Win Murray writes Continue reading...
If US intelligence officers get their hands on information about a catastrophic imminent terrorist attack with unknown origins that will kill 250,000 Americans within the United States if unchecked, what should the president of this country do? Right now, there are thousands of unsuspected bio-terrorists armed with a deadly virus that kills one out of […]
"It's possible this could be an instance of community spread of COVID-19, which would be the first time this has happened in the United States," the CDC said in a statement. The patient could have been infected by another unidentified person who recently traveled to an affected area, the institute added. This was the 15th confirmed case of the coronavirus in the United States, not including the people who were expatriated back to the United States from affected countries.
If you have been talking anything about the coronavirus, then this is the episode for you. We touch on every facet of the subject and give you a deep dive into how investors could be navigating this volatile market.
Tuesdays are supposed to mark turnarounds in the market, moving in the opposite direction after a big move on Monday. Not this time! After cratering 112 points on Monday, the S&P 500 (SPY) fell another 98 points, with a two-day decline of 6.3%. That's the largest two-day loss since August 2015. The most recent two-day decline of over 6% was when the market was correcting after its parabolic move from late 2017/early 2018.
Democratic 2020 presidential hopefuls took head-to-head for the 10th time on Tuesday night in South Carolina debate ahead of the primary to be held on Saturday. With things heating up in the last debate in Nevada, the candidates took it further up a notch, this time frequently talking over each other and the moderators. Late entrant to the race Michael Bloomberg, who was thrashed by the Democratic rivals in the last debate over racism and sexism, seemed to hold his ground better this time around.
San Francisco declared a "local emergency" on Tuesday over fears of the novel coronavirus (COVID-19) taking hold in the city. No case of the deadly virus has yet been confirmed in San Francisco. Mayor London Breed said that the local government is trying to "step up preparedness" as the COVID-19 spreads internationally, not giving it a chance to find roots in the city.
The White House said late Monday that the funding would be used for the research efforts to develop a vaccine against the virus and to purchase treatment and preventative equipment and supplies. At least 53 cases have been confirmed in the United States by press time according to Johns Hopkins University data, as global tally crosses above 80,000. "Today, the Administration is transmitting to Congress a $2.5 billion supplemental funding plan to accelerate vaccine development, support preparedness and response activities and to procure much needed equipment and supplies," White House budget office spokeswoman Rachel Semmel said, according to the Associated Press.
The Conference Board’s February consumer confidence index will be a closely watched piece of economic data out Tuesday. On the corporate earnings front, Home Depot earnings will be one of the major releases.