In life, and markets, timing is everything.
If news about ebola in New York City would have hit last week it would have been panic mode in markets (even moreso than it was). Instead, traders have had a chance to get a handle on the ebola risks.
If Nigeria can eradicate ebola then surely the United States can manage it. The S&P 500 is down 12 points and USD/JPY fell 20 pips since the news but I can’t see the market freaking out about it for long.
The results of the first test on the doctor will be out at around 3 am ET (0700 GMT) and there may be another scare then but I think the only trade on ebola is to fade fears.
The bad news is that flu season is just around the corner and every time someone is taken to hospital, there will be a headline somewhere.
