Market Keeps Pricing In A 'COVID-19 Pandemic' | Forex Factory

  • Market Keeps Pricing In A 'COVID-19 Pandemic'

    From globalprime.com.au

    Risk-off is certainly back with a vengeance with no mercy for equities, which appear to finally be ‘catching down’ to the reality of a world that faces the prospects of a recession. News that more cases are popping up in European countries (Spain, Italy, Germany...) alongside the state of readiness by some states in the US for a virus outbreak keeps spooking the market. It feels as though the market has finally caved in and now prices convincingly an upcoming announcement by the World’s Health Organization that we are facing a ‘pandemic situation’. The behavior in the Aussie and the Kiwi keeps playing into ... (full story)

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RossEdwards
Feb 26, 2020 6:27am
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Is it a market tipping point. Its certainly become a correction tipping event.
In the context of the big subprime credit card and auto default surge.. the continued collapse in trucking and highstreet retail, plunge in Job openings, and unicorn funding and $1.23T debt US added in 19.. the continued buy-buy-buy hubris is wearing thin.
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