The fallout from the coronavirus has been rapid. The last few weeks have seen huge levels of volatility and the S&P 500 has dropped around 29% from it’s February peak. If you have read any of my previous updates you will know that I have been waiting for an opportunity like this for some time. However, I have not traded this crisis particularly well. I put a bit of money to work on the first dip around $2900 and then again around $2500 – too early on both counts. Not being an expert in viruses or epidemics, I cannot make any claims about the virus itself and my focus in this post is the reaction of major stock markets. A good explanation I’ve found on epidemics and exponential growth is this one on YouTube which I recommend watching if you are not already up to speed. My Take Looking at the situation now it appears that the market has scope to fall further as the economic fallout continues and the virus spreads. The next major level of support would be the $20