Stock Bulls Just Got a Wake-Up Call in a World of Confusion
(Bloomberg) -- If complacency was the charge, the market just delivered its punishment.
As the coronavirus spreads and U.S. business activity takes a hit, the S&P 500 Index notched its first weekly decline since January. The yield on 30-year Treasuries dropped to record lows, gold rose to seven-year highs, volatility markets woke up.
Bonds finally got the attention of stock bulls as key portions of the U.S. curve flashed traditional signs of a brewing downturn -- again.
All told, this is a mild setback for stock traders who’ve been pumping up markets to records.
The more pressing questions: Should they heed warnings on global ...