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The traditional start of earnings season is just two days away, and in the meantime Wall Street has its eyes on events in Washington and a pretty mild inflation reading. Crude is up and small caps have been leading the charge lately.
Share: Well, there’s good news and bad news this morning. Let’s get the unpleasantness out of the way before looking at causes for optimism. Coronavirus worries have ramped up over a new strain of COVID-19 that seems to spread faster. In response, European governments have ratcheted up restrictions designed to stem the spread of infections but that also pose economic risks, helping to send European shares lower overnight. Those worries have spilled into premarket trading in the U.S. as the familiar concern about the virus’ effect on the economy comes back to the fore, and travel-relat...