The coronavirus outbreak continues to increase in the United States and around the world. Economic activity is being disrupted - events & conferences, dine-in restaurants and travel, just to name a few. For the Stock Market, the main concern is that the virus will slow down the economy and corporate profits will, then, take a hit. Right now, Short (21-day), Medium (50-day) and Long-Term (200-day) price trends of the World's Stock Market all look very poor - well below their averages. Unfortunately, for the Stock Market and the virus, it looks like it will get worse before it gets better.
Our 'Strength of the Market' view remains: Weak