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It is with some incredulity that we watch the US futures race ahead another 1.5% on Tuesday morning after a similar performance Monday, when the coronavirus is visibly causing large swaths of the second-largest economy of the world to come to a grinding halt.
Markets, which by all accounts were already very extended, experienced only the most minimal of corrections, but that now seems to be over already:
What is definitely not over is the spreading of the coronavirus (from the John Hopkins University):
Now, this looks like it's flattening at the end, but