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Madness, continued. Stocks fell yesterday on upset hopes of stimulus and the WHO labeling the Coronavirus a pandemic. The eleven year old bull market ended for the Dow Jones Industrial Average, which entered bear territory yesterday.

Promises, promises. Stocks rebounded yesterday on hopes that the Administration will provide relief for virus stricken workers and companies. Treasury yields swung wildly upward continuing their unprecedented behavior.

Time out. Stocks sold off yesterday objecting to the cocktail of crude oil and coronavirus. Bond yields continue to fall catching money fleeing from equities.

Slippery argument. Stocks fell on Friday as Coronavirus fears continue to grip the markets. Crude oil fell along with the energy sector as the Saudis failed to make a deal with the Russians on supply cuts.

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.