Dow future is trading down over 1000 points down. S&P 500 future is below 2855. Crude oil price down 22% to $32 per barrel. Gold futures is up $23 to near $1700. 30 year bond is up 2.28% trading at all time high. US dollar trading down 0.34%at low of last June.
COVID-19 Statistics:
Country/Region Confirmed Cases Confirmed Cases Increase %
3/7 Morning 3/8 Afternoon
World 105360 109507 3.9%
China 80651 80695 0.05%
South Korea 7041 7313 3.9%
Iran 5823 6566 12.8%
Italy 5883 7375 25.4%
Germany 795 1040 30.8%
France 716 1126 57.3%
Spain 500 625 25.0%
Japan 461 461 0.00%
United States 361 475 31.6%
Confirmed cases in the 8 virus wild spreading countries including South Korea, Iran, Italy, Germany, France, Spain, Japan and United States have increased from 21380 to 24921 , an 16.6% increase overnight.
For the second day in a row, Italian health officials on Sunday have reported 1,000+ newly confirmed cases of the novel coronavirus. In addition, deaths have climbed 50% to 366 deaths, up from 233. In France, the total number of confirmed cases has climbed to 1,126, with 19 deaths. Germany has reported 107 new cases of coronavirus, raising the total to 902, with 40 cases in Berlin.
The number of known coronavirus cases in the United States continues to grow quickly. As of Saturday afternoon, at least 475 people with the Covid-19 illness have been treated in 28 states, according to a New York Times database, and at least 19 patients with the virus have died.
Saudi Arabia Cut Oil Prices drastically
On Saturday Saudi Arabia launched a global oil price war, when Aramco announced unprecedented discounts on Brent shipments to clients around the globe, with Bloomberg later reporting that the OPEC nation was set to flood the world with excess production potentially to as much as a record 12 million barrels a day, which in a world where oil demand has cratered due to China's economy remaining paralyzed due to the pandemic, assures that when Brent reopens for trading tonight it will be in freefall, tumbling into the $ 30s if not lower as OPEC is no more and every producer now scrambles to undercut everyone else in price, unleashing another deflationary massacre and forcing central banks to pull another market-supporting rabbit out of their hat. ---ZeroHedge
Goldman Sachs cut oil price target by 40% to $30
Goldman Sachs now sees Q2 and Q3 2020 Brent prices plunging to $30/bbl from its previous forecast of $47/$53 for Q2/Q3, "with possible dips in prices to operational stress levels and well-head cash costs near $20/bbl."
Crisis Looming
Global markets are girding for another roller coaster week, but this time with an oil-price war to add to the distress from COVID-19 ."There are signs of stress in almost every corner of financial markets," a team led by Guy Stear, head of fixed-income research at Societ Generale SA, wrote in a report. "Nobody knows how the Covid-19 situation will evolve, but what is obvious is that it is a significant growth shock and the longer it sticks around, the risks of a full-blown crisis will grow. "
---Bloomberg
The U.S. and Europe face the “distinct possibility” of a technical recession in the first half as the coronavirus outbreak dampens demand and supply and drives investors to safe havens, according to Pimco’s Joachim Fels. “The worst for the economy is still to come over the next several months,” Fels, global chief economic adviser at Pacific Investment Management Co., wrote in a note to clients, which also cited concerns including a slump in China’s manufacturing and a weaker market for travel-related services.---Reuters
We still see another 10% downside for US equities from current levels, which is slightly worse than our year-end 2750 bear case S&P 500 target. The downside is likely greater for the NASDAQ, which has priced in less recession risk than other indices and is still very crowded. Credit also still looks vulnerable relative to other economically sensitive assets. --Michael Wilson, Morgan Stanley chief equity strategist
Delay in virus testing is helping virus to spread in US
The director of the National Institute of Allergy and Infectious Diseases, Dr. Anthony Fauci, recommended on Sunday that elderly and vulnerable Americans avoid travel and large crowds as coronavirus gains a foothold in the United States. Fauci also admitted that early attempts to provide coronavirus tests around the country were delayed, but that the nation's ability to test for the virus is "accelerating, dramatically." "Early on, there were some missteps with regard to the test and some technical aspects to it. But right now, I believe, 1.1 million tests have already been sent out. By Monday, there'll be an additional 400,000. And by the end of next week, probably around 4 million, "he said .--- Zero Hedge
COVID-19 is the most frightening disease since 1918 Spanish Flu
"This (COVID-19) is the most frightening disease I've ever encountered in my career, and that includes Ebola, it includes MERS, it includes SARS. And it's frightening because of the combination of infectiousness and a lethality that appears to be manyfold higher than flu. "" I think the most concerning thing about this virus is the combination of infectiousness and the ability to cause severe disease or death. And we have not since 1918, the Spanish Flu, seen a virus that combined those two qualities in the same way. We have seen very lethal viruses. We have seen certainly, Ebola, or Nipah, or any of the other diseases that CEPI, the organisation that I run, works on-but those viruses had high mortality rates-I mean, Ebola's mortality rate in some settings is greater than 80%. But they don't have the infectiousness that this does. They don't have the potential to explode and spread globally. "
"I don't think it is a crazy analogy to compare this to World War II. The World Health Organisation is using those kinds of terms. They have seen what this virus is capable of doing." --- Dr. Richard Hatchett, currently heads the Coalition for Epidemic Preparedness Innovations
Grand Princess cruise ship to dock off the coast of Oakland
The Grand Princess cruise ship, which has been stranded off the coast of California for several days with 19 novel coronavirus patients on board, will be allowed to dock off the coast of Oakland, Calif., On Monday, and the 3,500 passengers will be taken to a quarantine facility. The ship was refused permission to dock on Thursday; it was then expected to dock Sunday. ---MarketWatch
周日晚期货交易：
道琼斯指数期货下跌了超过1000点。 标普500期货跌破2855水平。原油价格下跌22％，至每桶32美元。 黄金期货上涨了23美元，至1700美元附近。 30年期国债上涨2.28％，创历史新高。 美元下跌了0.34％在去年6月低位。
COVID-19统计:
国家/地区 确诊病例 确诊病例 增加％
3/7早晨 3/8下午
世界 105360 109507 3.9％
中国 80651 80695 0.05％
韩国 7041 7313 3.9％
伊朗 5823 6566 12.8％
意大利 5883 7375 25.4％
德国 795 1040 30.8％
法国 716 1126 57.3％
西班牙 500 625 25.0％
日本 461 461 0.00％
美国 361 475 31.6％
在包括韩国，伊朗，意大利，德国，法国，西班牙，日本和美国在内的8个病毒的广泛传播国家中，确诊病例已从21380增至24921，过夜增长了16.6％。
意大利卫生官员连续第二天报告了1,000多例新确诊的新型冠状病毒病例。此外，死亡人数从233人增加到366人，上升了50％。在法国，确诊病例总数已上升到1126人，其中19人死亡。德国报告了107例新的冠状病毒病例，总数达到902例，其中柏林40例。
在美国，已知的冠状病毒病例数继续快速增长。据《纽约时报》数据库，截至8日下午，在28个州中至少有475名患有Covid-19病的人得到了治疗，至少有19名该病毒的患者死亡。
沙特阿拉伯大幅降低石油价格
周六沙特阿拉伯发起了一场全球石油价格大战，阿美宣布向全球客户提供布伦特原油的空前折扣。彭博社报道说，欧佩克国家注定要以创纪录的每天有1200万桶石油产量冲击世界油市。由于中国的经济因病毒大流行而仍然瘫痪，石油需求暴跌，这保证了当布伦特原油今晚重新开盘交易时，它将自由下落，或会跌至30美元或更低。每个生产者现在都在争夺价格，以压低其他所有人而引发另一场通缩的大屠杀，并迫使各国央行再出新招救市。---ZeroHedge
高盛将油价目标下调40％至30美元
高盛现在预计，2020年第二季度和第三季度布伦特原油价格将从先前对第二季度/第三季度的预测为47美元/ 53美元调至30美元/桶，“价格可能跌至运营压力水平，及井口现金成本接近20美元/桶。”
危机隐约可见
全球市场又将迎来一个过山车的一周，现在有石油价格战加在COVID-19的压力之上。“几乎在金融市场的每个角落都有压力的迹象，”由盖伊·斯蒂尔（Guy Stear）法国兴业银行（Societe Generale SA）固定收益研究团队负责人在一份报告中写道。 “没有人知道Covid-19局势将如何发展，但显而易见的是，这是一次重大的增长冲击，而且持续时间越长，全面危机的风险就会越大。”---彭博
太平洋投资管理公司（Pacific Investment Management Co.）的Joachim Fels表示，由于冠状病毒的爆发抑制了需求和供应，并将投资者推向避风港投资，上半年美国和欧洲已面临技术衰退的“明显可能性”。太平洋投资管理公司（Pacific Investment Management Co.）全球首席经济顾问费尔斯（Fels）在给客户的报告中写道：“对经济而言，最坏的情况仍将在未来几个月内出现。” 他还引述了其他一些担忧，包括中国制造业的下滑以及与旅游相关的服务市场的疲软。---路透社
从目前的水平来看，我们仍然认为美国股市还有10％的下行空间，这略微低于我们在2750年底的看跌标准普尔500指数目标。 纳斯达克的下跌空间可能更大，以为纳斯达克的衰退风险定价低于其他指数，并且买入者仍然非常拥挤。 相对于其他对经济敏感的资产，信贷仍然显得脆弱。 -摩根士丹利首席股票策略师迈克尔·威尔逊（Michael Wilson）
延迟病毒测试正在帮助病毒在美国传播
美国国家过敏与传染病反应研究所所长安东尼·福西（Anthony Fauci）博士周日建议，随着冠状病毒在美国找到立足点，老年人和脆弱的美国人应避免旅行和到大批人群聚集的地方。 Fauci还承认，在全国范围内提供冠状病毒测试的早期尝试被推迟了，但是国家测试该病毒的能力正在“急剧加速”。 “早期在测试和技术方面存在一些失误。但是，现在我相信已经发出了110万个测试。到星期一，将再有40万个测试。下周末，大概是400万，”他说。
自1918年西班牙流感以来，COVID-19是最可怕的疾病
“这种（COVID-19）是我职业生涯中遇到过的最可怕的疾病，其中包括埃博拉病毒，包括MERS，包括SARS。而且由于传染性和致死性的结合，这种疾病令人惧怕的程度比流感高出许多倍。“”我认为，与该病毒最相关的是传染性和导致严重疾病或死亡的能力的结合。自1918年 西班牙流感以来我们从未见过。埃博拉病毒在某些情况下的死亡率超过80％。但是他们没有COVID-19的传染性。他们没有爆发和扩散到全球的潜力。”“我不认为这次病毒的爆发的严重性与第二次世界大战相比是疯狂的比喻。世界卫生组织正在使用这些术语。他们已经看到了这种病毒的可能导致的严重性。” ---理查德·哈切特（Richard Hatchett）博士，现领导流行病防范创新联盟
格兰德公主号游轮停靠奥克兰海岸
船上有19名新的冠状病毒患者并在加利福尼亚海岸徘徊了好几天的兰德公主号游轮将在星期一被允许在加利福尼亚州奥克兰海岸附近停靠，并将载有3500名乘客到隔离设施。该船在星期四被拒绝靠岸，其后预计它将在周日停靠。 ---MarketWatch
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