Stocks change their mind again, falling sharply this morning in early trading

Have you ever seen a dead cat bounce? It’s a term that Wall Street traders coined to describe the moment when collapsing markets briefly rise before resuming a downward trajectory. It looks like investors new to the notion of an economic downturn may have seen their first such bounce yesterday. The glacial domestic response to the spreading novel coronavirus in the U.S. Learn more about your ad choices. Visit podcastchoices.com/adchoices