The Peter Ships Show

Based on the reports that have been coming in from around the world, it seems like the

coronavirus is likely to be a bigger deal than I originally thought when I first heard

about the virus.

And in fact, when the markets were initially selling off, it was my feeling that the

real reason for the sell-off was not the coronavirus.

That in fact, the coronavirus was simply providing you an excuse to sell a market that was

going to go down anyway once we finally delivered on the news of a phase one trade deal with

China.

I think the market was primed for a sell-off.

And we got one.

But kind of ironically, as the bad news came out, it actually became good news for the

US stock market.

And people started buying the US stocks because of the coronavirus, even though they're talking

about how this could impact global GDP and how this could create problems, as far as the

market is concerned, this is all good news because all this means more liquidity, central

banks easing.

And in fact, that is exactly what has already happened except the new easing is taking

place for now outside the United States, particularly in China.

But all this new money created by China is flowing into dollars.

The dollar is up about 3 percent.

Dollar index now this year were above 99 in the dollar index.

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