12/03/20 Trump suspende viajes a Europa por 30 días.

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Dow is back down 1,600 points as Fed intervention causes just a temporary respite from selling
PUBLISHED WED, MAR 11 20206:06 PM EDTUPDATED MOMENTS AGO
Fred Imbert
@FOIMBERT
Thomas Franck
@TOMWFRANCK
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U.S. stocks recovered some of their steep losses on Thursday after the Federal Reserve announced extraordinary funding actions of more than $1 trillion to ease strained capital markets in the wake of the coronavirus sell-off.

The Dow Jones Industrial Average sill traded more than 1,100 points lower, or 5.7%, following the Fed’s action. The Dow was down as much as 9.5% at its low point, which would be its worst drop since the 1987 market crash.


The S&P 500 traded down 4.4%, joining the Dow in a bear market on Thursday. The main U.S. stock benchmark is now down 22% from its record set just last month. At one point, however, the S&P 500 was down more than 9%. The Nasdaq Composite recovered slightly, trading about 4.5% lower after plummeting more than 7%.

The Fed announced it will ramp up its overnight funding operations to more than $500 billion on Thursday. It will then offer more repo operations totaling $1 trillion on Friday. The Fed also expanded the types of securities it would purchase with reserves.

“These changes are being made to address highly unusual disruptions in Treasury financing markets associated with the coronavirus outbreak,” said the statement from the New York Federal Reserve, which conducts these operations on behalf of the Fed.

Stocks have been under pressure since President Donald Trump failed to quell concerns over the possible economic slowdown stemming from the coronavirus. Traders have been waiting for more action by the White House and the Fed.

“The coronavirus is scary and people don’t know what to expect,” said Kathy Entwistle, senior vice president of wealth management at UBS. “It’s like the tsunami is coming. We know it’s going to hit any day and nobody knows what the outcome is going to be.”


It got so bad, that trading was halted briefly after the open for 15 minutes as markets hit the mandated “circuit-breaker” threshold used by U.S. exchanges. The Dow, at one point, was on pace for the sixth-worst decline in its history, according to FactSet. Even the worst one-day drop of 2008 financial crisis did not reach this magnitude.

Not much was immune to the market plunge. Small-cap benchmark the Russell 2000 index cratered by 10%. Gold fell. Oil plunged. Credit market spreads widened significantly. Only U.S. Treasuries were higher. Even bitcoin dropped.

“We are going into a global recession,” said Mohamed El-Erian, chief economic adviser at Allianz, on CNBC’s “Squawk Box.” “After what’s been happening the last few days, we are going to see a spread of economic sudden stops.”

“The trouble with economic sudden stops is it’s not easy to restart an economy,” El-Erian said. He believes the selling won’t stop until the bear market hits down 30%.

CH 20200312_dow_one_day_losses.png
In his address, Trump announced travel from Europe will be suspended for 30 days as part of the government’s response to the coronavirus outbreak. Trump also said the administration would provide financial relief for workers who are ill, caring for others due to the virus or are quarantined.

These moves were not specific enough for investors, however, who were looking for a more robust fiscal response to curb potentially slower economic growth stemming from the coronavirus.

“President Trump in an extraordinary Oval Office address didn’t offer up major new ideas on stimulus and only said he’d propose a vague payroll tax holiday to Congress without strongly standing up for any firm size/magnitude,” wrote Ernie Tedeschi, policy economist for Evercore ISI, in a note. “This effectively kicks the issue to Congress which is still planning to go on recess next week.”

Cruise line shares dropped sharply. Royal Caribbean traded 26.6% lower while Carnival and Norwegian Cruise Line slid 19% and 27.6%, respectively. Airline shares such as United, Delta and American all fell more than 12%.

The Cboe Volatility Index (VIX), widely considered the best fear gauge on Wall Street, jumped to more than 67 and hit its highest level since 2008.

On Wednesday, the Dow ended its historic 11-year bull market run by closing in bear-market territory. A bear market marks a 20% decline from all-time highs. Now the S&P 500 is in one.

20200312 SP500 bear market
Trading was halted for 15 minutes shorty as an initial 7% drop triggered “circuit breakers” at the New York Stock Exchange and Nasdaq. Before the open, futures contracts overnight tied to the major indexes fell to their so-called limit down thresholds, sliding 5%. These limit down levels act as a floor for selling until regular trading begins. They are used to ensure orderly markets.

Also causing concern about how pervasive the virus could already be in this country was the announcement Wednesday that the National Basketball Association is suspending its season after a Utah Jazz player tested positive for coronavirus. Movie actor Tom Hanks and his wife, Rita Wilson, also said they tested positive for the coronavirus.

“The crux of the angst investors are feeling as the coronavirus spreads surrounds what might happen to consumer spending,” wrote Scott Wren, senior global market strategist at Wells Fargo Investment Institute.

“Consumers sitting at home and not out spending money because they fear catching the coronavirus is the ultimate negative outcome,” he added. “It has been the U.S. consumer who has been driving the recovery bus during this long expansion.”

Thursday’s plunge came after yet another wild session on Wall Street and the demise of the Dow’s record-setting bull market run that began in March 2009. The blue-chip index tumbled 1,464.94 points, or 5.9%, to close at 23,553.22. The 30-stock average closed in a bear market, putting to end an expansion that started in 2009 amid the financial crisis.

The S&P 500 and Nasdaq Composite fared slightly better on Wednesday, down 4.89% and 4.7% respectively. Those two indexes also remain just outside of bear market territory albeit down at least 19% from their respective record closes.

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“These markets have been impossible to predict,” said David Lafferty, chief market strategist at Natixis Investment Managers. “I think of them as kind of wind-sock markets. They’re just changing with whatever way sentiment is. There’s no fundamentals under these markets right now.”

Investors continued to blame the spread and economic impact of the coronavirus for the last month’s steep losses. The virus, which has now infected more than 124,000 people worldwide and killed at least 4,589, threatens to disrupt countries like Italy that have taken aggressive action to slow its spread.

Italian Premier Giuseppe Conte announced late Wednesday that all the country’s stores except pharmacies and groceries will be closed in a move deemed both necessary to safeguard human health and a threat to the country’s output.

Wall Street worries that such measures could tip the global economy into recession, especially if Washington decides the disease is rampant enough in the U.S. to warrant similar measures. The World Health Organization declared COVID-19 a pandemic earlier on Wednesday.

—CNBC’s Eustance Huang contributed to this report.

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[RCHF]

Indices BVL
Sector/Subsector Indice día(%) mes(%) año(%) año$(%)
SP/BVL PERU GEN 15,444.91 -9.65 -15.44 -24.75 -28.87
SP/BVL PERU SEL 408.67 -9.23 -15.56 -23.10 -27.31
SP/BVL LIMA 25 20,787.92 -6.41 -12.14 -19.28 -23.70
SP/BVL FINANCI 915.75 -9.89 -13.55 -22.37 -26.62
SP/BVL INDUSTR 180.55 -4.11 -10.16 -14.48 -19.16
SP/BVL MINING 188.77 -15.05 -23.75 -38.04 -41.43
SP/BVL SERVICES 608.20 -2.72 -5.29 -6.65 -11.76
SP/BVL CONSUMER 985.76 -5.85 -9.69 -13.54 -18.28
SP/BVL ELECTRIC 593.75 -2.72 -5.29 -6.65 -11.76
SP/BVL CONSTRUC 198.87 -3.43 -10.05 -12.25 -17.05
SP/BVL JUNIORS 12.97 0.31 -6.76 -10.37 -15.27
SP/BVL IBGC 166.97 -9.36 -16.40 -24.40 -28.53

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La Fed inyecta $1.5 trillones al sistema financiero para facilitar liquidez.

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CHG %CHG
DJIA 21636.28 -1916.94 -8.14
S&P 500 2532.98 -208.40 -7.60
Nasdaq Composite 7347.46 -604.59 -7.60
Japan: Nikkei 225 18559.63 -856.43 -4.41
UK: FTSE 100 5237.48 -639.04 -10.87
Crude Oil Futures 31.02 -1.96 -5.94
Gold Futures 1570.50 -71.80 -4.37
Yen 105.38 0.88 0.84
Euro 1.1194 -0.0076 -0.67

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https://money.cnn.com/data/dow30/

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https://lta.reuters.com/articulo/econom ... Z1ZW-OUSLT

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https://lta.reuters.com/articulo/salud- ... AKBN20Z2UZ

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El Dow Jones esta en $21.200 puntos. Inimaginable.

-2,352.41

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Stocks Plunge 10% In Dow’s Worst Day Since 1987
Benchmarks slide as S&P, Nasdaq join Dow in bear-market territory

By Caitlin Ostroff, Joanne Chiu and Caitlin McCabe
Updated March 12, 2020 4:04 pm ET
The U.S. stocks selloff that pushed the Dow Jones Industrial Average into a bear market worsened Thursday as the coronavirus pandemic threatened to deeply harm global growth.

The Dow Jones Industrial Average fell 2,352 points, or 10%, its sharpest decline since the October 1987 crash. The S&P 500 fell 9.5%, while the Nasdaq lost 9.4%, putting both of those indexes in bear-market territory for the first time since 2009.

The S&P shed more than 7% shortly after the opening bell, sending that index into bear market territory and triggering a 15-minute halt in trading. The drop marked the second time this week that a rarely-used circuit breaker was triggered.

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2020 Performance
Source: FactSet
As of March 12, 4:18 p.m. ET

%
Nasdaq Composite
Dow industrials
Jan. 13
Jan. 27
Feb. 10
Feb. 24
March 9
-30
-25
-20
-15
-10
-5
0
5
10
15

Yet there was little that could calm jittery investors throughout the day, even after central banks and governments attempted to assuage the markets. After markets resumed trading around 9:50 a.m., U.S. stocks plummeted. An early afternoon announcement by the Federal Reserve that it would pump more than $1.5 trillion into short-term funding markets initially pared some of those losses before stocks tumbled once again.

The Dow industrials traded down nearly 2,000 points at mid-afternoon Thursday, declining 8.6%. The Nasdaq Composite fell 8.2%, putting the tech-heavy index on track to finish the day in a bear market.

The S&P continued its losses, dropping 8.2% in the afternoon.

The steep drops across equities Thursday indicated yet again that, even as countries across the globe have stepped up to try to protect the economy, investors remain inclined to sell. This week, beyond the Fed’s announcement, the European Central Bank announced that it would roll out cheap loans for banks and step-up bond purchases, while President Trump’s administration outlined a series of steps to backstop the economy and certain sectors.

Even so, all three major indexes are down more than 14% for the week.

“Investors are uncertain about the near-term outcome and they’re trying desperately to price the risk,” said Jeff Mills, chief investment officer of Bryn Mawr Trust.

The stock declines followed a dizzying amount of new information about the economic fallout of coronavirus Wednesday night, which sent futures for all three indexes down to their maximum allowed decline of 5%. In a span of just a few hours, President Trump announced a 30-day ban on most travel from Europe to the U.S., the National Basketball Association suspended its season indefinitely, and an increasing number of colleges suspended classes.

“Last night we had so many things hitting us all at the same time,” said Tim Courtney, chief investment officer of Exencial Wealth Advisors. “With so many larger organizations and larger pieces of the economy now changing, it looks like life is going to be different for the next 30 or 60 days.”

“It’s hitting home now in a way that it wasn’t a few days ago,” he said.

Outside of the U.S., losses were broad. European equities also fell, with the Stoxx Europe 600 shedding 11.5%, putting the pan-continental gauge on course for its worst one-day performance on record.

Trump Announces Ban on Travel From Europe Amid Virus Concerns
0:00 / 2:11

Trump Announces Ban on Travel From Europe Amid Virus Concerns
Trump Announces Ban on Travel From Europe Amid Virus Concerns
In a nationwide address from the Oval Office, President Trump announced a 30-day travel ban from Europe and said he would seek $50 billion in funding to increase low-cost loans to small businesses affected by the coronavirus outbreak. Photo: Associated Press
The fall for all three U.S. indexes into bear market territory comes just weeks after they each hit all-time highs. Since, the indexes have declined more than 25%, while U.S. Treasury yields and oil prices tumbled to historic lows this week.

By mid-day Thursday, in a sign of increasing investor anxiety, the yield on the 10-Year U.S. Treasury note fell to 0.793%, down from 0.817% the day before.

Brent crude, the global oil benchmark, fell 8.8% to $32.66 a barrel, reflecting concerns about lower demand for jet fuel and other types of energy.

Meanwhile, the Cboe Volatility Index, a closely watched measure of volatility in the U.S. equity market, rose to its highest level since December 2008.

“Markets simply don’t know what the next steps are in terms of the virus spread,” said Edward Park, deputy chief investment officer at Brooks Macdonald. “We will see a dip in global growth in Q1 and Q2 and all the fiscal stimulus out there can’t avoid that.”

The prospects for global growth have dimmed in recent weeks, and a number of major multinational companies have said they expect their earnings to take a hit from the virus. The IHS Markit also pared its forecast for this year to 1.7%, saying this week that it expects zero growth in the eurozone, a contraction in Japan and expansion of just 4.3% in China this year.

Benchmark stock indexes of Germany, Franceand Italy since their recent peaks
Source: FactSet
As of March 12, 1:30 p.m. ET

%
StoxxEurope600
DAX
CAC 40
FTSEMIB
Feb. 24
March 2
March 9
-40
-35
-30
-25
-20
-15
-10
-5
0

Even with readjusted forecasts, much remains uncertain, especially after global health officials declared the virus a pandemic on Wednesday.

On Wall Street, companies and exchanges are making contingency plans. The Chicago trading floor of CME Group said it will close at the end of Friday to preemptively avoid the spread of the virus. The New York Stock Exchange is also preparing a contingency plan in case it needs to close its iconic trading floor.

Some investors were disappointed Mr. Trump didn’t clearly articulate details of how he planned to get an economic stimulus package through Congress and the lack of coordination between the federal government and the Federal Reserve.

“What you really need is confidence building,” said Hani Redha, a London-based multiasset portfolio manager at PineBridge Investments. “That comes from giving detailed communication to the market about what they’re seeing and doing to develop the sense there’s a comprehensive approach.”

Japan’s Nikkei 225 Index
Source: FactSet
As of March 12, 2:15 a.m. ET

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CHG %CHG
DJIA 21200.62 -2352.60 -9.99
S&P 500 2480.64 -260.74 -9.51
Nasdaq Composite 7201.80 -750.25 -9.43
Japan: Nikkei 225 18559.63 -856.43 -4.41
UK: FTSE 100 5237.48 -639.04 -10.87
Crude Oil Futures 30.99 -1.99 -6.03
Gold Futures 1575.90 -66.40 -4.04
Yen 104.70 0.07 0.06
Euro 1.1188 0.0003

[Orlando]

El Dow Jones esta en $21.200 puntos. Inimaginable.

-2,352.41

Esto podría continuar por un rato porque la móvil de 50 empezó a cruzar a las de 200, cruce de la muerte la llaman, Saludos

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