Stock-market volatility has exploded on COVID-19 fears, shattering the Fed’s QE4-fueled levitation. The resulting stunning sentiment shift has left investors and speculators wondering where these wild markets are heading. This is an important time to check the latest fundamentals underlying the big US stocks that dominate market action. They just finished reporting their Q4’19 results, which illuminate their valuations.
Recent weeks’ stock-market swings have been huge, driven by mounting worries about the economic fallout from the COVID-19 pandemic. For 6 weeks I’ve covered this virus’s daily progression in depth in our subscription newsletters, including many troubling reports out of China that the media ignored. Before this selloff, I recommended long-volatility and short-stock-market trades that surged to big realized gains up to +145%.