There is little else to say other than Bulls dominate the playing field completely, with the help from referee in the figure of the central banks it is certain, and there seems to be no one for now or any situation that will stop the dizzying momentum. With which the North American indices have registered new historical maximums, regardless of what is happening around world. Despite a weak end to the session, Wall Street maintained its gains on Monday since consolidation was the watchword after the numbers of non- farm payrolls on Friday.
On the subject of the moment, the coronavirus, although the situation is not drastically worsening, is still far from stabilizing any time soon. According to Citigroup only about 30% of the workforce in the semiconductor sector in China will return to service tomorrow, not to mention the estimates of some local economists about the costs for the services sector, which reached $144 billion only in the festive week of the lunar new year.
Photo by CDC.
When the country was on half gas, namely in the restoration and in the retail, where sales should have been cut in half in 2020, when compared to last year. But regardless, investors do not seem to be too concerned about this collateral damage, nor about the fact that there are already nearly 1,000 confirmed fatalities due to the coronavirus (already overcoming the death toll during SARS).
