My sense is that yesterday marked the extremes of panic, despair, capitulation, short-covering, and anguish.
As emotions cool, even as Covid-19 cases soar and deaths rise, we are beginning to see the light at the end of this tunnel. There are several drugs that are now available as therapeutics, thanks to Trump twisting the reluctant FDA's arm. Trump knows, and everyone does also, that maximum pressure needs to be applied to the Saudis and the Russians to encourage them to end their mutually-destructive crude oil price war. Even as Italian virus cases soar and mortality