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Stocks and oil prices tumbled again on Tuesday and the benchmark U.S. debt yield hit a record low on growing concern about the effects of the spread of coronavirus on the global economy. The market sell-off followed the largest losses in stocks in over two years on Monday and accelerated after the U.S. Centers for Disease Control and Prevention said Americans should begin to prepare for community spread of the disease. The World Health Organization, however, has said the epidemic in China, where it began in December, peaked between Jan. 23 and Feb. 2 and has been declining since.
So far this year, it hasn’t taken much of a blow to knock investor sentiment back down after bubbling up – and that’s a good sign for stocks, according to at least one strategist.
When worries over the coronavirus shook U.S. stocks out of a period of quiet trading last week, investors wondered if the outbreak was the “Black Swan” event that would trigger a sharp decline. The sharp snapback has revived concerns among some investors that market participants are growing overly confident that easy money policies from central banks will underpin prices, despite serious risks to global growth from the coronavirus. Two deaths have been reported outside mainland China, in Hong Kong and the Philippines, prompting countries to quarantine hundreds of people and cut travel links with China.
Stocks closed lower on Tuesday afternoon after reports that the U.S. would not be rolling back tariffs on China until after the 2020 presidential elections. One expert is pessimistic that relations between the two countries will improve anytime soon.
With the end of the year and the decade fast-approaching, Wall Street strategists have begun to deliver their expectations about where the stock market will close out 2020.
U.S. stocks extended last week’s gains Monday morning as ongoing optimism over trade deals helped push risk assets higher. The S&P 500 and Nasdaq each opened at fresh record highs.
Confidence is soaring among small business owners. But one group of small business owners is becoming more pessimistic about America’s economy — small business manufacturers.
Elevated net short positions in Cboe Volatility Index futures are reminiscent of a similar spike in 2017, when prolonged calm in U.S. stocks prompted a rush into short-volatility exchange-traded products. The index has risen past 14.
President Trump's latest comments on the trade war front should serve up a valuable lesson to investors.
Global markets traded almost unchanged on Tuesday morning. US indices have managed to pull through the corrective moods, and futures for the S&P500; index have returned to historical highs. Asian indices traded almost flat.
COT on commodities in week to November 5 showed how trade hopes and weather developments drove position changes from oil and natural gas to gold and coffee