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Dancing bears. Stocks sold off yesterday as traders responded to the inevitable spread of the Coronavirus. Treasury yields continue to fall as investors rush into safe haven assets.

Fresh breeze. Stocks powered up yesterday as Wall Street got political and Congress gave a nod to financial markets. Ten-year treasury yields ended yesterday’s session below 1% for the first time ever indicating that bond traders think that the economy is not out of the woods yet.

Stimulus resistant strain. Stocks fell in yesterday’s session after investors decided that lower rates were not enough to cure the virus. Treasury yields plumed new lows as investors rushed into safe assets.

March madness. Stocks rebounded yesterday in response to kind words from the Fed. Traders felt like they were looking in a mirror as the Dow Jones Industrial Average proved that it could make record single-day point gains as well as record single-day point losses.

March is live. Stocks sold off again last Friday on further virus fears but managed to close well off intraday lows in response to a Fed statement. Selling intensified through the day and Chairman Powell reminded us that the Fed is still working.

Pain management. Stocks were hit hard in yesterday’s session as Coronavirus fears sharpened. All of the major equity indices are in correction territory and bond yields continue to make historic lows.

Blood drawn. Stocks traded lower yesterday giving up early-session gains as traders continue to fear the spread of COVID-19. Housing in the US remains strong but that was not enough to revive stock buying.