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JPM: We had thought a deceleration in viral case growth rate could help calm investor anxiety, but we are surprised to see markets rebound so quickly
Over the past week, the growth rate fell from a 50% day-over-day 5-day average to near 20%. While that represents a meaningful decline, it does not yet confirm the success of the policies implemented…[Read more]

Wuhan a major manufacturing hub in Central China’s Hubei Province
for semiconductor, panel and auto sectors
In the short term, a delay in product delivery, coupled with logistics issues brought about by the lockdown of Wuhan, could cut supplies for smartphone and computer makers in urgent need of chips and displays to assemble electronic…[Read more]

JPM: Corona consumer channel checks
1. shopping malls or department stores that were still open during the period also saw a sharp traffic decline (down 80%~100%)

2. In Shanghai, restaurants were losing 80-100% of their reservations, as consumers try to reduce social activities

3. Several provinces such as Sichuan ordered the suspension of…[Read more]

Canaccord Genuity: The combination of better-than-expected Q4/19 EPS, strong credit, and an easy Fed makes it hard to be overly negative, while the still overbought tactical condition and unknown macro impact from the spreading coronavirus makes it difficult to be too positive. Indeed, these crosscurrents reinforce our decision to move to a…[Read more]