A New Day, Same Old Nonsense

It’s a strange phenomenon: the more serious the coronavirus threat, the more strenuous the efforts to prop up stocks. After headlines such as those below, the market has no business being in positive territory. CDC director: Novel coronavirus ‘is probably with us beyond this season, beyond this year’ Coronavirus Live Updates: China Says 1,700 Medical … continue reading →

Wuhan Coronavirus: Still Here

In a stunning demonstration of the extent to which algos control the market, ES soared 56.50 points after the World Health Organization declared the Wuhan coronavirus a public health emergency of international concern. While it’s true the press conference felt more like a China tourism promo, the declaration in no way reduced the risk the … continue reading →