The post-coronavirus corporate earnings reports have begun

We are now getting the first data points which will inform the increasing disconnect between a rebound in shares and the freefall in the real economy. And, after yesterday's rally in share prices, we are seeing a risk-off tone to the market today, on the back of a freefall in WTI oil prices below $20 a barrel. 

I want to get back to oil later. But, bank …

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