Powell’s Vaccine

(1) So far, coronavirus is a minor panic attack for stocks. (2) Investors betting virus will soon go away or that Fed will inject liquidity if it infects global economic growth. (3) Powell is “closely monitoring” the situation. (4) No sign of virus in forward revenues or earnings, yet. (5) Industry analysts are cutting Q1-Q3 earnings, but boosting Q4. (6) FAANGMs remain immune to the virus and have been leading the meltup. (7) FAANGMs are not immune to government regulation. (8) There’s no place like S&P 500 Homebuilders during the coronavirus outbreak. (9) Millennials starting to turn into homeowners.