Archives of “March 2020” month

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WSJ on “promising drug combination” to treat coronavirus, and the “new data supporting this treatment”

  
  Analysis
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The Wall Street Journal on Hydroxychloroquine and azithromycin.

Physicians are using two drugs in combination
  • hydroxychloroquine and azithromycin
to treat patients with advanced Covid-19 symptoms
Kansas City area physicians … continue to treat many patients, and some have shown improvement. Major medical centers including the University of Washington and Mass General have added hydroxychloroquine to treatment options. So here’s an update, a response to some questions that have come up, and suggestions based on the latest information.
Here is the link to the article for more info – its far too detailed to go into here.

Coronavirus – Chief financial officer of Jefferies Group dies

  
  Analysis
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Jefferies LLC is a US multinational independent investment bank and financial services company.

  • The firm is headquartered in New York City.
A company statement says its chief financial officer Peregrine “Peg” Broadbent has died from “coronavirus complications”
The virus is cutting a swathe through New York, deaths in the city are nearing (if not above as I post) 1000.
Jefferies LLC is a US multinational independent investment bank and financial services company.

An Update :US Dollar Index ,USDJPY ,AUDUSD ,USDINR ,EURO ,YEN ,GOLD ,SILVER ,PALLADIUM ,WTI ,BRENT ,SPX 500 -Anirudh Sethi

  
  Analysis
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The dollar rallied strongly from March 9 through March 20 or the start of last week on March 23.  It has subsequently sold off and done so in dramatic fashion.  It is not clear the trigger of the stunning reversal.  Some observers attribute it to the Fed’s currency swap lines, which were offered daily (seven-day operations) to a handful of large central banks.
Others link it to the better risk appetites reflected in meaningful bounces in equity markets, but nothing as striking as the 17% rally in the Nikkei.  Even with a 915-point tumble in the Dow and a 3.3% drop in the S&P 500 before the weekend, both ended with double-digit gains on the week.  Gold’s 8.6% rally will not sit well with those who view it as a safe haven.  The 30- and 60-day rolling correlations on the percent change of gold and the S&P 500 are positive for the first time since the middle of last year and October 2018, respectively.
The technical indicators that we monitor, the MACD and Slow Stochastic, have turned down for the dollar against all the major currencies.  The poor technical condition suggests the dollar’s weakness is more than a function of month- and quarter- and fiscal year-end flows, but was technically over-extended.  We will use Fibonacci retracement and moving averages to identify potential price targets and relative strength.
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Trump drops idea of New York lockdown as U.S. death count crosses 2,000

  
  Analysis
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President Donald Trump said on Saturday that he would issue a travel warning for the hard-hit New York area to limit the spread of the coronavirus, backing off from an earlier suggestion that he might try to cut off the region entirely.“A quarantine will not be necessary,” he said on Twitter.Trump’s announcement came as the U.S. death count crossed 2,100, more than double the level from two days ago. The United States has now recorded more than 122,000 cases of the respiratory virus, the most of any country in the world.Since the virus first appeared in the United States in late January, Trump has vacillated between playing down the risks of infection and urging Americans to take steps to slow its spread.Trump said on Saturday afternoon that he might impose a ban on travel in and out of New York and parts of New Jersey and Connecticut, the U.S. epicenter of the disease, to protect other states that have yet to bear the brunt. He offered few specifics.Critics promptly called the idea unworkable, saying it would cause chaos in a region that serves as the economic engine of the eastern United States, accounting for 10 percent of the population and 12 percent of GDP. (more…)
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