Financial news

Containment – NorthmanTrader

By  | 

Sven Henrich via Northman Trader

The fight for containment is on and so is the effort at damage control.

Chinese markets are set to open again tomorrow having been closed for days. As has become common practice in our new normal any sign of trouble and central banks stop in to support markets.

Hence no surprise that now the CBOC is signaling sizable liquidity injections for Monday:

Also no surprise ahead of market open: A communication effort to shore up confidence and present any news as good news:

Whether these efforts of containment in markets will be enough remains to be seen.

Fact is the virus continues to spread and appears far from contained at this stage:

And the death count is increasing:

The infection count has now reached 14,628 at the time of this writing and this count is assured to continue to increase. The infection count chart looks precariously like it may accelerate further:

So yes, real good news of containment is needed and urgently so as the economic damage will deepen with each passing week.

It’s been said that life imitates art and currently the concern is that infections will keep spreading throughout the world. The challenges of containing a viral outbreak communicated by air have been well imagined in a 2015 film:

READ ALSO  New Mexico AG sues Google for collecting school kids' personal data

Now that the first coronavirus death outside of China has been reported the ante for containment has once again been raised.


For the latest public analysis please visit NorthmanTrader. To subscribe to our market products please visit Services.

All content is provided as information only and should not be taken as investment or trading advice. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise. For further details please refer to the disclaimer.




Print Friendly, PDF & Email

Hold dit netværk orienteret