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XOM - Tuesday's Market Tear: Global Risk Is About To Skyrocket
Exxon Mobil Corporation
Coronavirus continues to spread around the world. Dozens of "second world" and first world countries are now where the U.S. was three weeks ago.
Three weeks ago, most of America had not come to grips with what was about to happen. Most of the world hadn't.
Three weeks ago, the S&P 500 (SPY) was still over 3000.
Amongst the confusion and despair, people began looking inwards. Asking what coronavirus mean for jobs, for our economy, and our lifestyles. Despite the impending global havoc, the market somehow rose 10% today on the word that a stimulus