Good Thursday morning.

Bear Growls
News/Flows:
On Wednesday, the bulls were finally put back on their heels. The market succumbed to increasing virus infection rates in multiple southern and western states. Reportedly Disney World workers have circulated a petition to delay the reopening on COVID-19 cases. The governors of NY, NJ, and CT have placed a 2 week quarantine on travelers from the hardest hit states. As this was being announced airlines, cruise shipping, energy companies’ shares all got hit. Front month WTI crude oil was down on this news and the build in inventories Other news that hit the tape IMF cut its 2020 worldwide GDP growth forecast to -4.9% from -3%.

Hot Shorts @ TradeZero the past week
AAL, AYTU, BAC, BIOC, BYFC, CCL, CETX, CTIB, DIS, EVOK, FFHL, FSLY,
GNUS, IBIO, IDEX, INO, MRNA, NKLA, PRPO,SINT, UAL, UONE

Keep an eye on gold, oil and the dollar. And watch for underlying trade tensions which appear to be bubbling below the surface of the news flow.

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