The COVID-19 coronavirus has overtaken and decimated financial markets just as quickly as it has spread across the globe, infecting and killing thousands of people.
And while the Dow jumped up to nearly 1,295 points in volatile trading by market close Monday – its biggest one-day point gain in history – the one thing we can be certain about is that this is far from over. In fact, there's going to be plenty of market swings ahead.
As bad as it's been for global stock markets, it will get a lot worse as the number of deaths attributable to the virus increases dramatically along with infection rates – and most frighteningly, mortality rates.
Starting today, I'm sharing with you a series of ongoing reports documenting the coronavirus's impact on lives, economies, and financial markets – specifically, asset classes to avoid and invest in. You'll get weekly updates on markets along with specific stock recommendations designed to profit and protect portfolios from the virus's spreading impact, and what to invest in when the crisis recedes.
About the Author
Shah Gilani boasts a financial pedigree unlike any other. He ran his first hedge fund in 1982 from his seat on the floor of the Chicago Board of Options Exchange. When options on the Standard & Poor's 100 began trading on March 11, 1983, Shah worked in "the pit" as a market maker.
He helped develop what has become known as the Volatility Index (VIX) - to this day one of the most widely used indicators worldwide. After leaving Chicago to run the futures and options division of the British banking giant Lloyd's TSB, Shah moved up to Roosevelt & Cross Inc., an old-line New York boutique firm. There he originated and ran a packaged fixed-income trading desk, and established that company's "listed" and OTC trading desks.
Shah founded a second hedge fund in 1999, which he ran until 2003.
Shah's vast network of contacts includes the biggest players on Wall Street and in international finance. These contacts give him the real story - when others only get what the investment banks want them to see.
Today, as editor of 10X Trader, Shah presents his legion of subscribers with the chance to earn ten times their money on trade after trade.
Shah is also the proud founding editor of The Money Zone, where after eight years of development and 11 years of backtesting he has found the edge over stocks, giving his members the opportunity to rake in potential double, triple, or even quadruple-digit profits weekly with just a few quick steps.
Shah is a frequent guest on CNBC, Forbes, and Marketwatch, and you can catch him every week on Fox Business's "Varney & Co."
He also writes our most talked-about publication, Wall Street Insights & Indictments, where he reveals how Wall Street's high-stakes game is really played.