The coronavirus outbreak is intensifying, and Beijing is scrambling.
Outrage is growing as local officials failed to address the contagion risks
earlier. Millions of Chinese are unable to travel to see their families to
celebrate the Lunar New Year, which is the equivalent of the Thanksgiving and
Christmas holiday combined. China has the highest emergency levels in place and
is locking down 40 million people. State media has the death toll at 26 and
concerns are growing that the travel bans in place will start to have a major
impact on the economy with some calling for a 1 percentage point hit or greater
with Chinese GDP.
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
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