Today's Headlines

Bloomberg: 

• U.S., Australia Report First Coronavirus Deaths: Virus Update,

• Washington State Is Investigating Potential Outbreak at Facility.  

• South Korean Exports Rise More Than Expected on Semiconductors.

• Joe Biden Wins South Carolina Primary.  

• Five Charts Tell Horror Story of European Market’s Mayhem Week.  

• Coronavirus May Cause 6% Contraction in China’s GDP: Pimco.

• The Staggering Dollar Figures Fueling Campaign 2020.  

• Europe Risks New Migration Meltdown as Erdogan Opens Floodgates.  

• Germany‘s Anti-Greta Blasts ‘Climate Alarmism’ at CPAC.  

• Humbled Saudis May Yet Clinch OPEC+ Deal as Virus Crisis Worsens.

Wall Street Journal:

• U.S., Taliban Sign Deal Meant to End America's Longest War.

• The Virus and the Economy.

• After a Disaster, Some Homeowners’ Next Misfortune Is Mortgage Relief. 

• Elliott Management Nominates Four Directors to Twitter’s(TWTR) Board. 

• The Week That Wiped $3.6 Trillion Off the Stock Market.

CNBC:

• Coronavirus live updates: China reports 573 new cases.

• Trump calls for lower rates amid coronavirus fallout: ‘Fed should start being a leader’.

• US expands Iran travel restrictions over coronavirus, raises advisory for South Korea and Italy.

• Trump considering travel restrictions at US-Mexico border over coronavirus.

• Automakers are ‘scrambling’ for parts and preparing war rooms as coronavirus spreads.

• China factory activity shrank at its fastest rate on record in February.

Barron's:

• Had bullish commentary on (GOOGL), (CVX), (COP), (TSLA), (BAC), (JOM), (VZ).

• Had bearish commentary on (YUMC), (CMI), (TEX), (LECO), (AMZN), (JBL) and (WYNN).

MarketWatch.com: 

• There’s a simple reason why gold is falling along with coronavirus-afflicted global stocks.

Fox News:

• Ex-VP projected to win South Carolina primary in crucial boost to campaign after early losses.

Zero Hedge: 

• China Reports Catastrophic Data: PMIs Crash To Record Low, Confirming Coronavirus Collapse.

• Trump Exposes "Dishonest" Media Critics, Insists "We're Super Prepared" To Handle COVID-19 Outbreaks.

• Washington Declares State Of Emergency After First US Virus Death; CDC Says "No National Spread In US": Live Updates.

• 81% Of South Korean 'End Of Days' Worshippers Test Positive For Coronavirus.

• Did China Close First Lab To Sequence Covid-19 Out Of Fear It Would Lose Bat Soup Narrative?

• Meanwhile At A Costco(COST) In Brooklyn, The Hoarding Begins.

• China Orders Owners Of Closed Factories To Boost Electricity Usage, Pretend Economy Is Back To Normal.

• New Coronavirus Cases In California, Oregon, & Washington Suggest Community Spread: Officials.

• Joe Biden Wins South Carolina Primary, Trump Says "End Of Bloomberg's Joke Campaign".

• These Cities Have the Most Six-Figure Jobs.

• It's Time To Stop Pretending That In All Of Africa There's Only 3 Covid-19 Cases.

• "Momentous Day": US, Taliban Sign Peace Deal To End 18 Year War.

• Four Cruise Ship Passengers Rushed To Los Angeles Hospital With "Unknown Illnesses" Friday Night.

• Trump Admin Considering Tax Cuts, Pressuring Powell To Cut Rates In Hopes Of Containing Coronavirus Fallout.

• Italian Soccer Club Plays First Match In An Empty Stadium.

• Oregon Officials Confirm Third Coronavirus Case "Of Unknown Origin"; Risk Of "Community Outbreak" Is High.

• Coronavirus Reappearing Weeks Later In Discharged Patients.

• American Brides Face A Shortage Of Wedding Dresses Thanks To Coronavirus Outbreak.

• US Spy Agencies Monitor Covid-19 Spread, Warn Of Threat To India's 1BN+ Population.

• "Here's Why I Don't Really Trust The Official American Coronavirus Numbers".

• Corona-Crash Sparks Fastest 'Correction' In History On Record-Breaking Volume.

Business Insider:  

• LIVE UPDATES: Biden winning South Carolina primary, follow the vote and results as they come in.

• 'STOP BUYING MASKS': US Surgeon General and VP say masks won't help fight coronavirus, as demand for emergency supplies increases.

• The world's massive debt pile is making a coronavirus shock especially especially dangerous right now.

• Coronavirus patients with heart disease have a 10% chance of dying. Here's the mortality rate for patients with various underlying health problems.

• Companies around the world are telling their employees to work from home amid the coronavirus outbreak.

John Hopkins University:

• Coronavirus Global Cases. (map)

BNO News:

• Tracking Coronavirus: Map, data and timeline.

Weekly Scoreboard*

S&P 500 2,954.22 -11.49%

The Weekly Wrap by Briefing.com.

 
Indices

• DJIA 25,409.36 -12.4%

• NASDAQ 8,567.37 -10.54%

• Russell 2000 1,476.33 -12.04%

• S&P 500 High Beta 40.62 -13.09%

• Goldman 50 Most Shorted 135.75 -13.8%

• Wilshire 5000 30,204.72 -11.6%

• Russell 1000 Growth 1,683.54 -10.9%

• Russell 1000 Value 1,185.92 -12.3%

• S&P 500 Consumer Staples 595.21 -10.4%

• MSCI Cyclicals-Defensives Spread 1,152.23 -.34%
  

• NYSE Technology 2,145.23 -10.6%

• Transports 9,388.19 -13.94%

• Utilities 839.96 -11.47%

• Bloomberg European Bank/Financial Services 67.8 -13.8%

• MSCI Emerging Markets 40.77 -2.46%

• HFRX Equity Hedge 1,248.92 -2.19%

• HFRX Equity Market Neutral 936.50 -.15%

Sentiment/Internals

• NYSE Cumulative A/D Line 390,402 -3.08%

• Bloomberg New Highs-Lows Index -1,471 -1,864

• Bloomberg Crude Oil Net % Bulls 23.3 -3.2%

• CFTC Oil Net Speculative Position 411,464 +3.78%

• CFTC Oil Total Open Interest 2,138,168 -3.4%

• Total Put/Call 1.27 +16.51%

• OEX Put/Call 1.11 +8.06%

• ISE Sentiment 85.0 +5

• NYSE Arms .63 -43.24%

• Volatility(VIX) 40.1 +134.8%

• S&P 500 Implied Correlation 49.08 +24.4%

• G7 Currency Volatility (VXY) 7.19 +31.20%
  

• Emerging Markets Currency Volatility (EM-VXY) 8.14 +17.8%

• Smart Money Flow Index 13,292.88 -11.3%

• ICI Money Mkt Mutual Fund Assets $3.634 Trillion +.02%

• ICI Domestic Equity Mutual Fund/ETFs Weekly Flows -$3.256 Billion

• AAII % Bulls 30.4 -25.0%

• AAII % Bears 39.1 +36.5%

Futures Spot Prices

• CRB Index 159.45  -8.7%

• Crude Oil 44.76 -16.3%

• Reformulated Gasoline 148.28 -15.63%

• Natural Gas 1.68 -11.65%

• Heating Oil 148.75 -12.3%

• Gold 1,566.70 -4.81%

• Bloomberg Base Metals Index 161.08 -1.35%

• Copper 254.0 -2.38%

• US No. 1 Heavy Melt Scrap Steel 272.0 USD/Metric Tonne unch.

• China Iron Ore Spot 82.0 USD/Metric Tonne -6.9%

• Lumber 410.90 -10.65%

• UBS-Bloomberg Agriculture 863.33 -3.3%

Economy

• Atlanta Fed GDPNow Forecast +2.59% +2.0 basis points

• ECRI Weekly Leading Economic Index Growth Rate +2.6% -120.0 basis points
• Bloomberg US Recession Probability Next 12 Months 25.0% unch.

• Philly Fed ADS Real-Time Business Conditions Index -.2406 +4.83%

• US Economic Policy Uncertainty Index 533.78 +262.65%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 178.11 -.03%

• Citi US Economic Surprise Index 56.2 +5.5 points

• Citi Eurozone Economic Surprise Index .4 +6.1 points

• Citi Emerging Markets Economic Surprise Index 15.4 -5.5 points

• Fed Fund Futures imply 0.0% chance of no change, 91.5% chance of 50.0 basis point rate cut on 3/18

• US Dollar Index 97.96 -.92%

• MSCI Emerging Markets Currency Index 1,625.09 -.42%

• Bitcoin/USD 8,621.73 -11.2%

• Euro/Yen Carry Return Index 123.25 -1.64%

• Yield Curve 24.0 +12.0 basis points
  

• 10-Year US Treasury Yield 1.13% -33.0 basis points

• Federal Reserve's Balance Sheet $4.120 Trillion -.33%

• U.S. Sovereign Debt Credit Default Swap 14.06 -6.33%

• Illinois Municipal Debt Credit Default Swap 152.92 +.72%
  

• Italian/German 10Y Yld Spread 174.25 +40.0 basis points

• China Sovereign Debt Credit Default Swap 51.21 +44.10%
  

• Brazil Sovereign Debt Credit Default Swap 131.98 +42.0%
  

• Israel Sovereign Debt Credit Default Swap 47.42 +3.85%

• South Korea Sovereign Debt Credit Default Swap 34.53 +39.8%

• Russia Sovereign Debt Credit Default Swap 64.60 +3.52%

• iBoxx Offshore RMB China Corporate High Yield Index 171.21 +.24%

• 10-Year TIPS Spread 1.43% -18.0 basis point

• TED Spread 19.5 +6.25 basis points

• 2-Year Swap Spread 5.75 +4.0 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -16.75 -8.5 basis points

• N. America Investment Grade Credit Default Swap Index 66.58 +43.59%
  

• America Energy Sector High-Yield Credit Default Swap Index 610.0 -3.78%

• European Financial Sector Credit Default Swap Index 73.98 +51.73%
  

• Emerging Markets Credit Default Swap Index 245.86 +26.6%
  

• CMBS AAA Super Senior 10-Year Treasury Spread to Swaps 180.0 unch.
  

• M1 Money Supply $3.998 Trillion -.71%

• Commercial Paper Outstanding 1,128.70 +.50%

• 4-Week Moving Average of Jobless Claims 209,750 +750

• Continuing Claims Unemployment Rate 1.2% unch.
  

• Average 30-Year Mortgage Rate 3.45% -4.0 basis points

• Weekly Mortgage Applications 655.0 +1.47%

• Bloomberg Consumer Comfort 63.5 -2.1 points

• Weekly Retail Sales +5.30% unch.

• Nationwide Gas $2.46/gallon -.01/gallon

• Baltic Dry Index 529.0 +6.44%

• China (Export) Containerized Freight Index 905.40 -1.59%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 30.0 unch.

• Rail Freight Carloads 249,821 -.74%

Best Performing Style

• Mid-Cap Growth -10.8%

Worst Performing Style

• Mid-Cap Value -12.9%

Leading Sectors

• Video Gaming -8.2%

• Shipping -8.2%

• Education -8.2%

• Biotech -8.9%

• Software -9.1%

Lagging Sectors

• Banks -15.3% 

• Gaming -15.8%

• Gold & Silver -16.2%

• Oil Service -17.0%

• Airlines -22.2%

Weekly High-Volume Stock Gainers (8)

• NVAX, LRN, ZYXI, BGS, REZI, ALLO, NGM and REGN

Weekly High-Volume Stock Losers (61)

• GOF, CNO, COST, IBKC, JNJ, CR, MGM, TREX, FHN, RGLD, NDAQ, SGMS, WEN, DGX, LH, DAL, FND, BMCH, FTI, MCK, EQM, MCK, SC, LMT, OGE, PTY, ONB, ALK, HII, JPM, LADR, PNM, SPR, ACHC, AAL, SEIC, MTZ, CBOE, PLNT, LHCG, IRT, WTRG, MYL, CVNA, LILAK, CROX, DELL, HTGC, DNP, CHDN, VMW, SWCH, SAGE, W, CDXS, EB, GKOS and BIG

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change