The coronavirus narrative is still kicking in the financial press. Look, we’re used to the media pointing to any news item at all to explain moves in financial markets, but I don’t know if I’ve ever seen a single event used to explain literally any move—up, down or sideways—in any market on the planet.

Want to know what’s really moving in the markets? Hint: It’s not the coronavirus. https://bit.ly/2tPdbgg