It's a risk-on day across the board...

Hope you bought the coronavirus dip!

Stocks are up, bitcoin is up, oil is up, just about everything is up today.

Check out the Dow:

(Source: https://finance.yahoo.com/quote/%5EDJI?p=^DJI)

The impact of the coronavirus is real and will last for a while longer still, that was never up for debate.

But, financial markets tend to bottom at peak fear and peak fear often hits well before the actual crisis starts to resolve itself.

Which means...

Financial markets and risky assets were likely to make lows long before the economy actually starts to recover.

In fact, it's possible we have already seen the lows.

I would bet we saw the lows in bitcoin for sure, and possibly in stocks as well.

Stay informed my friends.

-Doc