The way I see this, is that so far they are holding the mkts, but they are 1 bad headline away from a panic.
They have a massively long SM and Algo’s that will pile onto any sell off, until someone pulls the plug….meanwhile we have no idea what will happen over the next few weeks, as all those millions of people could spread the virus….after 3 weeks and there is not much more bad news then it makes sense, to buy the SM…but now, that’s catching knifes with a blindfold on.