Chart of the day: Investors worry China's coronavirus may spread quickly as the Lunar New Year is set to kick off on Saturday.
Investors are facing a new worry on their return from a long weekend: the potential that China’s coronavirus will spread massively during a big upcoming national holiday.
That leads us to our call of the day, from Saxo Bank’s head of equity strategy Peter Garnry, who is flashing a short-term warning about a stock selloff, especially for technology names, which have led 2019’s gains. And then he sees the FANG + Index NYFANG, +0.07% “accelerating at an unprecedented pace showing clear signs of frothy behavior.” Note Netflix reports after the close.
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