US Stocks Crashing -- Coronavirus wipes out 17 Trillion in 2 Days

US Stocks Crashing -- Coronavirus wipes out 17 Trillion in 2 Days






Coronavirus wipes out $1.7 trillion in US stock market value in two days. The S&P 500 lost an estimated $1.737 trillion in value in two days, according to S&P Dow Jones Indices’ Senior Index Analyst Howard Silverblatt. Stocks cratered again on Tuesday as investors fled riskier assets amid intense fears about a slowdown in global growth caused by the deadly coronavirus. The Nasdaq Composite fell 2.8% on Tuesday and joined the S&P 500 and Dow Jones Industrial Average in turning negative for the year. The S&P 500 just wiped out about $1.737 trillion of its value during its two-day market sell-off, according to S&P Dow Jones Indices. The equity benchmark lost $810 billion in value on Tuesday, adding to its $927 billion loss on Monday, according to the firm’s Senior Index Analyst Howard Silverblatt. It’s down $2.138 trillion since last Wednesday’s high, according to S&P Dow Jones. Stocks cratered again on Tuesday as investors fled riskier assets amid intense fears about a slowdown in global growth caused by the deadly coronavirus. The S&P 500′s two-day loss of 6.3% was the largest for the benchmark since August 2015, when the Chinese government devalued the yuan amid the U.S.-China trade war. Tuesday’s 900 point drop in the Dow Jones Industrial Average added to Monday’s stunning 1,000 point plunge. The Nasdaq Composite fell 2.8% on Tuesday and joined the S&P 500 and Dow in turning negative for the year. Bond yields also plunged as investor sought safer havens. The yield on the benchmark 10-year Treasury note fell to a record low of 1.32%. The Dow Jones Industrial Average (DJIA) looked set to rebound from yesterday’s devastating crash. But after rallying nearly 200 points, the index lurched back into decline. Here’s why the stock market suddenly plunged back into crash mode. After yesterday’s 1,000 point Dow Jones Industrial Average (DJIA) rout, stock market bulls salivated over what they thought was the perfect time to buy the dip. But a half-hearted recovery quickly collapsed. And by midday, greedy investors had gone from licking their chops to licking their wounds as the stock market spiraled toward even steeper losses. dow jones industrial average crash Investors are taking the threat of coronavirus far more seriously now that the CDC has begun to outline containment procedures. | Source: Johannes EISELE / AFP The Dow Jones Industrial Average (DJIA) looked set to rebound from yesterday’s devastating crash. But after rallying nearly 200 points, the index lurched back into decline. Here’s why the stock market suddenly plunged back into crash mode. After yesterday’s 1,000 point Dow Jones Industrial Average (DJIA) rout, stock market bulls salivated over what they thought was the perfect time to buy the dip. But a half-hearted recovery quickly collapsed. And by midday, greedy investors had gone from licking their chops to licking their wounds as the stock market spiraled toward even steeper losses. dow jones industrial average chart today Stock market bulls went from licking their chops to licking their wounds as the Dow Jones lurched toward further losses on Tuesday. | Source: Yahoo Finance Why The Dow Jones Crash Just Got Worse The unexpected pullback vindicated economist Mohamed El-Erian, who had warned investors to “resist” the urge to succumb to FOMO and “simply buy the dip.” He told CNBC: I would say continue to resist, as hard as that is, to simply buy the dip because it has worked in the past. Advertisement That was wise advice, especially in retrospect. But what sent the Dow and broader stock market back into decline? Just like on Monday, the answer lay in the coronavirus outbreak’s ongoing spread outside of China. More than 80,000 cases have been confirmed worldwide, including just under 1,000 in South Korea, more than 280 in Italy, and 53 in the United States. President Donald Trump may claim that the U.S. has the coronavirus under control, but health experts and stock market strategists are less confident in the administration’s assessment. The spreading deadly virus, that has infected more than 80,000 and killed more than 2,700, has sent shock waves through the markets. Companies like Apple, Nike, United Airlines and Mastercard have all raised flags about the coronavirus and its impact on their earnings. Chip stocks, which rely heavily on revenues from China, are being abandoned by Wall Street as it becomes more apparent supply chain disruption will persist until the epidemic is contained. Health officials at the Centers for Disease Control said Tuesday the coronavirus is “likely” to continue to spread throughout the United States and the American public should “prepare for the expectation that this is going to be bad.” This follows news on Monday about a spike in cases in other countries in Asia, the Middle East and Europe, outside the virus’s epicenter in China. Investors are closely watching reports in Italy, Iran and South Korea. Top White House economic advisor Larry Kudlow said that the U.S. economy is “holding up nicely” and that the coronavirus in this country is “pretty close to air-tight’ containment.

Jim Rickards : 1984 Has Come to China -- Economic Collapse 2020 4K

👉 Jim Rickards : 1984 Has Come to China -- Economic Collapse 2020 4K






Jim Rickards : 1984 Has Come to China -- Economic Collapse 2020 4K You’re probably familiar with George Orwell’s classic dystopian novel Nineteen Eighty-Four. It was written in 1948; the title comes from reversing the last two digits in 1948. The novel describes a world of three global empires, Oceania, Eurasia and Eastasia, in a constant state of war. Orwell created an original vocabulary for his book, much of which is in common, if sardonic, usage today. Terms such as Thought Police, Big Brother, doublethink, Newspeak and memory hole all come from Nineteen Eight-Four. Orwell intended it as a warning about how certain countries might evolve in the aftermath of World War II and the beginning of the Cold War. He was certainly concerned about Stalinism, but his warnings applied to Western democracies also. When the calendar year 1984 came and went, many breathed a sigh of relief that Orwell’s prophesy had not come true. But that sigh of relief was premature. Orwell’s nightmare society is here today in the form of Communist China…

Coronavirus Spreading in Europe -- Italy on Lockdow

Coronavirus Spreading in Europe -- Italy on Lockdown
#coronavirusoutbreak #Covid_19 Coronavirus Spreading in Europe -- Italy on Lockdown As Coronavirus Cases Soar In Italy, Experts Warn Of A Global Pandemic TODAY