US President pulling the pin on the large planned gatherings
Last week from Trump:
- coronavirus is the "new hoax".
Two days ago:
- coronavirus no worse than the flu
Yesterday:
- "Stay calm. It will go away."
- "Be calm. It's really working out. And a lot of good things are going to happen."
Today:
- "We must beat it as quickly and safely as possible"
An hour ago - bans inbound from Europe.
I know I am going to annoy the Trump devotees (sorry, not sorry) but wow, what a flake.
And its not just me, market are smashing US equity futures again here today (down more than 3.5% as I post on ES) even after the enormous losses on Wednesday in the cash market.
Flows into yen and CHF persist:
