Interesting view. Perhaps Fed cuts are saving zombie companies with bbb debt. If the Coronavirus tones down it may work. But it appears negative rates are hurting banks in Europe and the Fed is running out of room which could endanger US banks.

Sorry to report this but a yearly gift of a small gift is not helicopter money. It is too small and it is yearly. Neither is the definition of helicopter money. Helicopter money mus be a one off and it must be a large gift to each citizen and it should not come with spending requirements attached.

Update 7: Israel medical official says that the Coronavirus is already a pandemic. WHO appears to be doing damage control, while the Israelis are saying it like it is.

Slack in the labor market could be further exposed. But, while there is no overabundance of treasuries now, clearly the BIS thought so as yields temporarily snapped higher in the fall.

Big business continuing to cancel conferences is good caution but does not build confidence.

Well, it is in Maryland now. It will eventually hit DC and we will see if Trump gets more serious.

Loose money caused the piling on of debt that puts all markets at greater risk. Add on Coronavirus and much of this speculative paper could go bad.

Update 8: Donald Trump's continued clever behavior manifests in people applying for legal alien status being denied medical if they want permanent residency. This will likely guarantee the faster spread of the virus.

Don't forget, tariff wars are socialism. #Trump is still producing economic madness on that front.

That is the big question Jack. I think Trump is wrong in saying it is safe to fly. It appears that Wall Street is voting exactly that way today. Trump is not going for massive quarantine, hoping to help stocks. But that decision could hurt stocks if the virus continues to spread.