Wednesday March 11 2020

Markets continue to fall...
U.S. stock futures pointed to a sharply lower open on Wednesday after strong gains in the previous session, amid doubts over what U.S. President Donald Trump said would be “major” fiscal stimulus measures to counter the economic impact of the coronavirus outbreak.
By 07:50 AM ET (1150 GMT), Dow futures dropped 632 points, or around 2.5%. S&P 500 futures and Nasdaq 100 futures were both down around 2.6%. 
Wall Street reversed course on Tuesday, with the three main indexes all rising by nearly 5%  in anticipation of a major policy announcement. That pulled them back from the brink of a bear market.
But while Trump met with fellow Republicans in the U.S. Senate on Tuesday, he did not outline any measures to offset the economic fallout from the virus outbreak. A scheduled news conference took place without the President.
Futures received only a temporary lift from the Bank of England, which earlier joined other central banks in cutting interest rates, as part of a broader package of measures to support bank lending in order to cushion the economy.  Daily thoughts @https://ericavillalon.wordpress.com/tag/erica-villalon-traders-international/  and http://ericavillalontrading.blogspot.com/

Happy Trading.
Erica Villalon Trading Desk

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