Market comment 2020

[admin]

Yes. SPy fell hard yesterday. SPY still above 200 ma but I expect this to fall further over the next few days ( at least to the 200ma). For me, the question now is whether it falls further still, which would suggest a bear market and a possible recession. I think it is very possible. There are just too many variables when a pandemic occurs. The cynic part of me wonders whether the origins of the virus were manufactured in a laboratory in order to create a market panic. I expect a ‘miraculous’ vaccine or cure may follow if this is the case. Although, I think it’s genuine.

I agree Charlie, I think a recession is quite likely