This past week wreaked havoc on the markets as , the , and the , all closed deep in the red while bonds and gold screamed higher. Governments and Central Banks around the world continued to provide stimulus to their economies. Wednesday was the sole bright spot, as stock markets had gone bid on the back of Joe Biden’s upset win on Super Tuesday, only to close near unchanged on the week. It’s now a 2-person race for the democratic candidacy, between Joe Biden and Bernie Sanders, to face President Trump for US President in November. More primaries are to come this week, along with the Bank of England’s Spring Budget 2020 Report, and a smattering of economic data. However, the coronavirus is still likely to remain the focus.
Here are the final numbers for the weeks: SPX: 0%, WTI: -9%, DXY: -2.15%, USD/JPY: -2.4%, US 10-year: +4%, Gold: +6%. That data, combined with last week’s route, has led to one of the largest 2-week moves in history. The coronavirus is wreaking havoc on…
