March 09, 2020

Equities can’t catch a break as markets, still reeling from corona virus fears, continue to get hammered after OPEC and Russia were unable to come to an agreement on production limits, sparking a price war and causing oil prices to plummet.  The Dow and S&P both plunged over 7% in the first minutes of trading, triggering a 15-minute halt in trading to prevent a free fall sell off. Gold ticked above $1700 for the first time in 7.5 years but has since retreated as investors ditch stocks and commodities for bonds.  The 30-year and 10-year treasury yields fell below 1% and 0.4% respectively today to record lows, dropping the whole yield curve under 1% for the first time ever.