The Market Remains Wary About Coronavirus. Here’s Why You Should, Too

The biggest (recurring) Reality Gap this week:

Apologies for sounding like a broken record, but China’s coronavirus outbreak is still the biggest market-moving story.

As I said last week, the number of new cases and deaths is slowing down. This is still true, with transmission even slower, despite the News Media hyping up every new case.

This slowing down in the transmission rate is why markets did so well last week.

JPMorgan Chase & Co. (JPM) agrees, and two days after I sent you my chart on the slowing spread of the virus, they sent a very similar one to their clients.

But this week I’ll be very cautiously bullish, as there is some potential for the spread of the virus to accelerate again, and market participants are limiting their exposure to this risk ahead of time.

Here’s why

How the Media’s Stats Give Wall Street the Wrong Prognosis

I hope you’re all having a great weekend! Before we get into another great week of trading, I want to bring you a quick market update video to dispel some of the false narratives I see floating around out there.

With just about anything where statistics are involved, the way they are presented can be made to convey two very different stories.

And the recent coronavirus outbreak is no exception. You’ve likely seen some very scary charts in the news that purport that cases and deaths of coronavirus are on a parabolic rise. Don’t buy the hype designed to keep you glued to your screen and reading doomsday articles.

In today’s market update video, I’ll be following up on some data I presented earlier this week that shows what’s really happening with coronavirus infections, and why you shouldn’t buy into the panic you’re being sold.

The market knows the truth of the matter, hitting all-time highs in the face of coronavirus, tensions with Iran, impeachment, the Iowa caucus, and more. I’ll show you what’s behind the market’s continued drive up, and what you should really be paying attention to.

Click below to watch.

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