Updates – Macro Trend

Goldman Sachs’ top U.S. stock strategist said Wednesday that the longest U.S. bull market in history will meet its demise soon, with equities seeing significant losses beyond what they’ve already suffered over the last three weeks.

Patients with hypertension appear to be at a higher risk of dying from the coronavirus, said a top Chinese intensive care doctor who’s been treating critically ill patients since mid-January.

The coronavirus is likely to exert a much smaller human and economic toll than current appearances suggest, according to a Morningstar analysis that runs contrary to some of the gloomier forecasts that have helped pound the stock market.

All of Apple’s retail stores in mainland China apart from four are now open after the coronavirus outbreak forced the iPhone maker to close its shops for an extended period of time.

Wedbush Securities analyst Dan Ives said in note on Monday that investors should “focus on Apple during this sell-off.”

Nonfarm payrolls grew far more than expected in February as companies continued to hire leading into a growing coronavirus scare.

U.S. companies kept adding jobs in February despite the coronavirus scare, as private payrolls expanded well above the pace that Wall Street had anticipated.

U.S. services sector activity accelerated to a one-year high in February, suggesting  underlying strength in the economy despite the coronavirus outbreak, which has triggered financial market fears of a recession and led to an emergency interest rate cut from the Federal Reserve.

Apple partner Foxconn, which builds iPhones, said in a presentation to investors Tuesday that it expects to be back to full seasonal capacity by the end of the month after coronavirus fears stalled some production in China.