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SFY - A Significant Change In Message Occurred Friday The 13th
SoFi Select 500
The word from Washington has changed from the coronavirus is 'no big deal.' We can get through this biological tap on the brakes of the economy with monetary ease (50 basis point cut in the Fed funds rate), a suggested cut in payroll taxes and, last Wednesday, a 30-day ban on flights from continental Europe. The word changed Friday to "Houston, we have a problem"… this virus is the real deal and we are going to move quickly (if not belatedly) to counter this monster.
Before explaining my statement, I would like to head off