Monday, stocks were down Friday and this week is starting out wild. Coronavirus is starting to impact businesses and investors.
The rush to defensive (safe) investments is driving the dollar, US government bonds and gold higher.
Buffet (Berkshire Hathaway) shareholder meeting was Saturday. Mr. Buffet spent most of his time explaining why B/H under preformed last year. His large cash position explains a lot.

Friday, stocks dropped yesterday giving back all of Wednesday's gains.
The yield curve has inverted, again.
Gold is up again, it reaches the highest price since 2012.
Piilly Fed manufacturing survey surged. (Article attached)
This weekend is Buffet's annual shareholder meeting. Let's see what he has to say.

Thursday, stocks were up slightly yesterday.
Two more companies have their debt downgraded to junk.
Argentina is on the verge of defaulting on their debt, again.
The dollar is on the rise and Trump has become quiet about the dollar strength.
And last but not least lake levels or on the rise.

Good news Wednesday, there is plenty of good news even though stocks were down yesterday.
I have several articles I am attaching but if you don't have time to read them I'll give you a summary at 6:35.
A quick rundown:
1) Alternative investments surged. Gold article attached has a surprise buried in the article about inflation and bonds.
2) Even the 'Economists' the bible of the global elite admits that the Trump economy is good for the average American. "Immigration to America is down. Wages are up.” https://www.breitbart.com/…/the-economist-globalist-magazi…/
3) Good news for Maumee, the Blade is reporting a new company is coming to the old Anderson headquarters bringing over 100 high paying jobs.

Tuesday, markets were closed yesterday but the world keeps turning. Based on conversations I had yesterday some may have misinterpreted my opinion about the economic development around the airport. I'll explain.
Three institutions have or will file for bankruptcy. Never say never.
A quote from the attached article: " Wall Street has taken the crisis in stride with the Dow Jones industrial average still up about 3 percent so far this year. But the financial markets' calm could be tested as additional data becomes available, said Gregory Daco, chief U.S. economist for Oxford Economics.

Monday, today is a holiday for the markets in US and Canada. Friday stocks slipped slightly even though the news reports were good.
GM is pulling back from some international markets, can we read anything into their actions?
Japan's economy shrinks, that's becoming a common refrain for the international economy.
The attached article(s) bring one thing into clear focus, always question the data. The first article has in depth information on the US GDP and the coronavirus. Including the fact that it may live outside the body for up to 12 days.
The second article gives a strong reason that the number of coronavirus cases is incorrect. https://www.marketwatch.com/…/chinas-economic-data-have-alw…
The Port Authority has a development plan for the south side of Toledo Express airport. Who knew??

Friday, stocks slipped yesterday and futures are flat overnight.
Coronavirus is having an impact on just about everything: travel, manufacturing, oil, shipping, retail sales there is almost nothing that is not being effected.
An article in the Blade hints that corporate profits may be slowing.
Prediction were that Brexit would kill Britain's economy, especially exports. The numbers are in and British exports rose 14%.
The attached article shows the estimations for the US economy. The only thing you can count on is that they will be incorrect.

Thursday, stocks rose yesterday. Who's afraid of a little coronavirus? That may have been an incorrect analysis. It now looks like the conspiracy theories may have not been so far off the mark.China changed the method used to count cases and the new method resulted in the number of cases jumping by 50%. I am attaching the link to John Hopkin's web site again this link tracks coronavirus cases.
The Chairman of the Federal Reserve completed his report to Congress yesterday. To summarize and simplify his 2 days of testimony he said higher interest rates are no longer an option because they would crash the economy. Someone said and I believe the next recession will bring helicopter money or MMT if you prefer.

Good news Wednesday, stocks were down yesterday .49, no not 49 points. 49 one hundreds of one point.
Business news is slow but there is plenty of other news to keep us amused. The democrats are thinning the herd. The DOJ / Roger Stone fiasco blew up. The coronavirus is starting to hurt.
The good news is that an Old Fort, Ohio manufacturer is expanding and creating 60 new jobs. Thank you RGP for your help.

Monday was another good day for stocks with most of the major indices hitting all time highs. According the attached article "buy-the-dip" is the default setting.
We have talked extensively about the Fed pumping money into the economy using the repo market. The correlation between the Fed adding money and the increase in stocks is astounding. However, correlation is not causation.
People start to dissect Trump's budget.