Switzer on Saturday

Can we keep betting against the Coronavirus?

Founder and Publisher of the Switzer Report
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Friday Close
Change
Change %
Week Change %
Dow Jones
28,992.41
-227.57
-0.78%
-1.38%
S&P 500
3,337.75
-35.48
-1.05%
-1.25%
NASDAQ
9,576.59
-174.38
-1.79%
-1.59%
ASX 200
7,139.00
-23.50
-0.33%
0.12%
Data for week commencing 17 February 2020

I get up early every morning expecting to see red on the screen of my iPhone. The Dow Jones seldom delivers but it did overnight, with the world’s most quoted stock market index off 327 points at its worst in early trade. But again, like many days trading in the Big Apple, the losses are pared back.

It’s a good thing that this happens and it makes perfect sense, provided the US economy keeps on the improve to support earnings of US companies, and the Coronavirus hasn’t been underestimated for its spread and impact on Chinese and then world economic growth.