Dow Closes Down 1000 on Global Supply Chain Fears




from WallStForMainSt

Today, the DOW was down at one point down 1,070 points or almost 4% and still closed down over 1,000 points.

Warren Buffett warns coronavirus will affect business, but he ‘certainly won’t be selling’ stocks https://finance.yahoo.com/news/warren…

Coronavirus could impact 5 million companies worldwide, new research shows https://www.cnbc.com/2020/02/17/coron…

94% of the Fortune 1000 are seeing coronavirus supply chain disruptions: Report https://fortune.com/2020/02/21/fortun…

Which Supply Chains Are Most At Risk: The Answer In One Chart https://www.zerohedge.com/economics/w…

World Economy Shudders as Coronavirus Threatens Global Supply Chains https://www.wsj.com/articles/world-ec…

Globalization Comes Under Fire Amid Coronavirus ‘Stress Test’ https://www.bloomberg.com/amp/news/ar…

Will the Fed cut rates again soon?
1) Spread of coronavirus lifts odds for Fed rate cut, as inaction would be ‘tone-deaf’ https://www.marketwatch.com/story/spr…
2) Rate futures surge as coronavirus seen pushing Fed to ease https://finance.yahoo.com/news/fed-ne…
3) The Fed Needs to Cut Rates Now (former Minneapolis Fed President Op-Ed): https://finance.yahoo.com/news/fed-ne…

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