The base case is rapidly shifting from 'Bad', meaning only China is impacted, to 'Ugly', where both emerging Asia and developed economies see soaring infection rates and deaths, its effects will likely resemble the global financial crisis of 2008-2009 more than the SARS outbreak in 2003.

Michael Every

The U.S. yield curve continues to invert, this is not a healthy sign, as bond-market watchers should know and equity-market obsessives should rapidly learn.

This is not a healthy sign, as bond-market watchers should know and equity-market obsessives should rapidly learn, how much further will this run before we see markets starting to do the same?