No turnaround Tuesday

More Announcements of new cases in Spain,Italy,Iran and Switzerland. bank of France Chief suggest bank likely to revise lower 2020 GDP forecast.WHO representative said ” Virus is a rapidly spreading Epidemic” not using pandemic yet.President trump Announced $2.5B to fight Virus,Most believe this number is too low. A central theme running through twiiter today is that Central bank rate cuts dont create a vaccine or get people to travel to infected areas.

U.S. 10 year yield 1 bps away from all time lows,Dow -250,Spoos -30 handles the negative headlines do not stop as Goldman Sachs and Deutsche bank restricting travel of Employees to Italy , South Korea and parts of Asia and Australia

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.