Stocks, Oil, Bond Yields Tumble As CDC “Prepares For Pandemic”

After an overnight ramp for absolutely no good reason, US equity markets are fading fast after the CDC said it “was preparing as if Coronavirus was the next pandemic.”

The number of confirmed coronavirus cases in the US is starting to increase at a rather concerning pace, and moments ago, the CDC confirmed in a telebriefing that there are 11 cases in the US.

More ominously, the CDC said that the new Coronavirus case is close contact of other California case, and was spread person-to-person.

Futures erased overnight gains…