Here is brief update on the unfolding Coronavirus crisis that the West and financial markets remain largely in the calm before the storm stage to . This week we saw China report a huge jump in their number of infections to over 65,000 with the death toll soaring to 1491 implying a high mortality rate of 2.3%, or about 100 times that of regular flu!
Of course the Chinese are still under reporting the true number of infections and so the actual mortiality rate is probably nearer to 1% (X40 flu) then 2%, but still enough to cause havock in healthcare systems and societies across the world bringing much disruption to daily life.
In this video analysis I cover both the update and conclude in a Coronavirus trend forecast for the UK into the end of the March 2020, a trend trajectory that will likely unfold very similarly across many western nations where I expect the start of the Coronavirus crisis for the West to begin late Febrauary / Early March that the markets should start discounting ahead of.
A reminder of my stock market trend forecast as a consquence of the Coronavirus crisis towards which the markets currently remain in the calm before the storm stage. If the pandemic transpires as expected then the expected stock market bounce during March could prove weaker than expected.
And where the market analysis is concerned, I am currently working on the prospects for Bitcoin that I aim to complete within the next couple of days.
Your analyst
Nadeem Walayat
Copyright © 2005-2020 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.