The View from 5th Avenue

The View at Two – 17 March 2020

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The New Normal Rolls On – From futures halting limit up last night, to US indices dipping into the red this morning, to stocks now coming off their intraday highs of almost 7% – when’s the last time we’ve had a dull moment? Trading remains volatile (to say the least) as many traders continue to adjust to working remotely and countries around the globe brace for the worst of the virus spread. San Francisco’s issuance of a “shelter in place” directive seems like a blueprint other cities will inevitably follow, yet the S&P has continued to hold above the lows made Christmas Eve 2018