This is not nearly good enough. WH: Pence is holding a noon video teleconference with governors from the situation room, 4pm task force meeting, 5:30 press briefing

Wells Fargo: Our short-term outlook (through June 2020)

We are now seeing the third wave of the coronavirus. The first wave was in China’s Hunan province, which remains the epicenter of the disease. The second wave was broader China. The third wave is around the world, focused primarily in Europe, the Middle East, and South Asia.
The p…[Read more]

China’s top health authority expects coronavirus vaccines to be available for emergency and clinical research use in April. National Health Commission said teams pursuing five approaches. Cautioned about obstacles.

MS Cross Asset: It’s too early to ‘buy the dip’ in equities and credit, the risk/reward in selling some equity vol and fading term structures is now favorable

Kolanovic: 3 reasons why this can squeeze higher
1. No communism…..As of only a few days ago, Sanders appeared highly likely to secure the nomination (e.g. odds plunged from 65% to 16% now). We think yesterday’s results are likely not fully priced in the market

2. Rate cuts outlive COVID………A possible scenario is that the COVID-19 e…[Read more]