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Overview: The warning by the US Center for Disease Control and Prevention that Americans should prepare for an outbreak of Covid-19 sent the S&P 500 tumbling to an 11-week low and the 10-year Treasury yield to a record low near 1.30%. The volatility of the S&P ((VIX)) jumped to its highest level since 2018. The sell-off in global equities continues unabated. Thailand (-5%) and Australia (-2.3%) led the carnage in the Far East. The MSCI Asia Pacific Index was sold through its 200-day moving average yesterday, and the Dow Jones Stoxx 600 did so in