After Monday’s 1000-point drop, major stock market losses continued on Tuesday as fears over the spread of the coronavirus intensified and investors fled risky assets in favor of safer ones, like bonds. 10-year U.S. Treasury yields hit a record low on Tuesday after the yield curve—a measure of the difference between 3-month and 10-year bond yields that is widely used as a recession indicator—inverted on Monday.
U.S. futures had rallied slightly overnight following Monday’s losses, seemingly pointing to a Tuesday rebound, but stocks largely remained in the red during the day.
Monitor Daily: Coronavirus Cases Outside China chart:
China may be interfering with our election hoping Trump won’t be President
The dollar as predicted by our service (on Facebook and our site heralded the dip in the market.)
Buy!
It is moments like this that reminds me that the entire stock market is one large ponzi scheme. A market built on the foundation of true corporate value instead of speculations would not be this rattled by a short term event such as this.
coronavirus isnt the only reason.
Incredible how a tiny little virus brings the world to its knees. Nature is trying to say something.
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