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The market continued its volatile ways with another 3% move in the Dow on Monday. Meanwhile we did see some pockets of strength and the Nasdaq was actually turning positive with 5 minutes left in trading, but that last 5 minutes sent it to the red side again. Smalls caps were down but still outperforming with a loss of less than 2%. That's where we are today - where a 1.88% loss is a small victory. Bonds and gold rallied sharply, and oil was up slightly.

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Stocks continue to succumb to the outbreak of the coronavirus as investors, traders, and money managers try to put a number on the impact it will have on the economy and corporate earnings. After a positive morning for stocks on Friday, the bears took over in afternoon trading and put the pressure back on. The Dow gave up 913-points with losses near 4% or more in most of the major indices. Bonds rallied but they remain volatile as well.

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Cash remains king as market turmoil continues. Selling remains aggressive and even got worse this week for U.S. stocks. The detrimental economic effect of the coronavirus outbreak is rippling through the states and the markets continue to express it. More states are beginning to mandate nonessential businesses to close, jobs have been lost, and many struggle to find a way to pay their debts. The necessity then becomes to access cash and we are seeing that cash leave stocks and bonds. This was apparent ...

Stocks gave us a pretty lame bounce yesterday, compared to some of the previous snap-back rallies we've had, but it did come back from a 3% morning loss to close in positive territory. The prior one day rallies had been explosive, but were sold again the next day each time. At least it was different so perhaps the outcome on Friday will be different? The Dow ended the day with a gain of 188-points - a moral victory despite falling off its highs near the close, but also quite a bit off the morning ...

Another day, another sell-off. There was a late rally that nearly cut the losses in half by the close and that was enough for a couple of indices too keep some of Tuesday's gains, but clearly the action is demoralizing for the bulls. The bears have waited for this for a long time and they are getting their money's worth. The Dow lost 1338-points after coming back 1000-points from an earlier 2300-point decline.

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