EARLY NOTES
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EARLY NOTES

Good website for China news: https://gisanddata.maps.arcgis.com/apps/opsdashboard/index.html#/bda7594740fd40299423467b48e9ecf6 The death toll is now being reported at 362.  Confirmed cases as we write this is 17,489. Mainland China remains the bulk of it. The People’s Bank of China said it will inject 1.2 trillion Yuan ($174 billion) into the market to help with any liquidity issues. Central banks…

MARKET COMPLEXION CHANGING
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MARKET COMPLEXION CHANGING

——-Maybe it’s the virus. Maybe it’s just overdue. After all, the market has had nary a pullback since October 3rd when the great money printer Powell leaked word of an impending NOT QE. Nevertheless, we think the complexion is changing as price dictates our stance. In no particular order:——- —–JP MORGAN, our official financial bellwether…