JP Morgan analysts are of the opinion that a slowdown in the growth rate of the number of coronavirus cases in the US may put a floor under stocks and dampen volatility, according to Bloomberg. The Cboe Volatility Index has been tracking data associated with the global spread of cases and has shown a relationship with the virus outbreak in the US, technical strategists Jason Hunter and Alix Tepper Floman wrote in a note Friday. Key quotes The number of states with growth rates above 20% dropped to under 10 from over 40 in the past two weeks, a trend which could keep the pressure on the VIX and moderate any equity declines. The S&P 500, Wall Street’s equity index, fell by more than 12% last month and hit a 2.5-year low of 2191.9 as the coronavirus uncertainty triggered a global dash for cash, which saw investors sell everything from risk assets to safe havens like gold and treasuries. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Coronavirus update: South Korea reports 47 new cases, lowest daily count FX Street 2 years JP Morgan analysts are of the opinion that a slowdown in the growth rate of the number of coronavirus cases in the US may put a floor under stocks and dampen volatility, according to Bloomberg. The Cboe Volatility Index has been tracking data associated with the global spread of cases and has shown a relationship with the virus outbreak in the US, technical strategists Jason Hunter and Alix Tepper Floman wrote in a note Friday. Key quotes The number of states with growth rates above 20% dropped to under 10 from over 40 in the past two weeks, a trend… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
