In a world that has been reshaped by Twitter, 24-hour news networks and an endless war between media outlets for your attention and the ad dollars that come with it, it’s not surprising that news in the modern era errs toward sensationalism. This sensationalism can have a tangible effect on how we as societies react and, as any oil trader knows, sentiment is frequently more powerful than fundamentals when it comes to moving markets. With that in mind, market observers should be particularly wary of the outsized impact that the Coronavirus has had on markets this year. While there has been tangible demand destruction from China’s countermeasures, the mass global hysteria that has been created by the spreading of multiple myths by different media outlets has, more likely than not, created unjustified bearish sentiment in markets. Now, at this point, it is important to note that the aim of […]