Macro Dragon: Coronavirus, Fed & Bernie Sanders to win Mon 3 Feb Iowa Caucuses?
Macro Dragon = Daily Cross-Asset Global Views
Back in post the Lunar Holiday Break in the Lion City, KVP checks in on the latest on the coronavirus, as well as upcoming Fed mtg & the hugely under-priced risk in US EQ mkts from a potential Sanders (or Warren) win of the Mon 3 Feb Iowa Caucuses.
In addition to an update on the virus, which 'officially' is likely to cross over 5,000 confirmed cases today & potentially reach in the 120-150 range of total deaths - we also explore what we can likely say with high certainty in regards to ripple effects from the 2019-cCoV / Wuhan Virus / Novel Coronavirus
Bottom line the consensus big uplift in global growth at the start of the year (especially in China, EM & RoW vs. US) just got hit squarely in the face by a concrete-virus clad brick. The Fed probability of an earlier & bigger Fed cut/s will be getting priced soon.
