The DOW is down about 6.5% and the S&P 500 over 6%.
A: Fake news and oil.
Good News on Fake News
Thank you Mike Pence and the Task Team, especially communications czar Pence for stopping the spread of fake news. Uh.. wait a minute on that.
And look at all their other accomplishments, like. Hmmm. I will have a list this afternoon because there are too many accomplishments to list at the moment.
Meanwhile, please note our best in the world job of testing. Only those we have tested have the coronavirus because we are smart enough to only test those we are pretty sure have it.
How the Tune Changes
Mike "Mish" Shedlock