COVID-19: The Plot Sickens

(1) We are all virologists now. (2) Most of us can breathe easy. (3) Staying healthy. (4) P/E-led meltup followed by P/E-led meltdown. (5) The previous four seven-day freefalls occurred in bear markets. (6) No longer overbought. (7) FAANGMs cheaper, but not cheap. (8) A bad week for Stay Home as people stay home. (9) Lowering our earnings estimates, but the sun will come out later this year. (10) Industry analysts still too optimistic about earnings. (11) Extreme measures may contain virus while depressing global growth. (12) Really ugly Chinese PMIs. (13) Powell ready to provide a shock-and-awe rate cut? Would it help or hurt? (14) Let’s hope cover-story curse kills COVID-19 as it did previous viruses.