The Market Chronicle

Before we begin, let's make one thing perfectly clear. Don't panic! I repeat: Don't panic! With that out of the way, let's examine the landscape after last week's harrowing market plunge. In a matter of days, the markets were taken apart in spectacular fashion, dropping into official correction territory. The underlying catalyst was the uncertainty of the impact a coronavirus pandemic will have on the global and U.S. economy. In short, FEAR. Fear though, also provides potential opportunity. So the question at this juncture is are we poised for a rebound or further erosion? If you've read my past posts, you know I've had an abundance of caution as the markets continued a meteoric rise. I'm still cautious, though I won't be surprised to see a relief rally before it gets worse again. Whether the coronavirus will ultimately be managed effectively remains to be seen, but some damage has already been done. China, arguably hardest hit so far, is the d...