Pavan Sharma

23-Feb-20

The US market (S&P500) fell another -3%, marking its largest four-day slump since August last year with losses accelerating after the US Centre for Disease Control and Prevention warned Americans to prepare for a coronavirus outbreak at home. 

US and German health officials are now warning that the outbreak is on track to become a pandemic as the number of cases grow. Greece and Spain reported their first cases while Spain locked down a seaside resort hotel with about 1,000 guests and workers i

The correction in the US market over the last 6-trading sessions is actually the fastest -10% decline in the S&P 500 index from a record high, and even beats the Black Monday episode in October 1987 in that respect. With a day left to run, we are on track