It’s no recompense to be accurate in predicting horrific news, but I told you last week that Coronavirus would prove as much an economic contagion for world markets as a physical epidemic and that foretold market uncertainty has arrived precisely as I said. The Black Swan has arrived.

It is a tale as old as time. People within predictable systems of any description become accustomed to unshakable truisms. Water is wet. Gravity is constant. All swans are white. At least that’s what world explorers believed until they arrived in Australia and found to their amazement, black swans.

In economic parlance, “Black Swans” are events that defy convention and arrive with a thunderclap of market turmoil and collapse.

Unexpected. Uncommon. Unpredictable. And because of all of that, very frequently, catastrophic.

The Dow was already down 550 at week’s opening bell before riding a rollercoaster into the Monday close, finishing down 429 points as airline, hotel, gasoline, cruise line and casino gaming stocks dragged the broader market into negative territory for the young 2020 year. FANG stocks rebounded only slightly off the day’s lows.

The real tale and a possible bubble bursting implosion will be told by the reopening of the Shenzhen (Chinese stock exchange) after a holiday close for the Lunar New Year. A trade suspending collapse or unfettered market correction is not out of the cards, either of which will rock world equities to the bedrock. I would not bet against an emergency suspension of trade to stop the bleeding.

They may very well have intentionally infected the Trump economic boom with a terminal disease.

****UPDATE: Chinese officials announced a two day emergency suspension of market trade shortly after I wrote this, extending the Lunar New Year holiday by another two days in hopes of stabilizing market jitters. It won’t matter. Indices will be in freefall whenever trade resumes and Chinese airline and hotel stocks among others are going to take a swan dive.

The economic disruption of east-west trade travel and the simple breakdown of productivity and mobility caused by quarantines and travel suspensions in China will reverberate for an indeterminate period and those effects will ripple back and forth through Wall Street as money managers attempt to determine short term shelter, with equities leap frogging each other down the ladder to more comfortable levels, potentially at 22,000 or 19,000, farther below.

This is in no way to diminish or overshadow the agony and personal tragedy of a disease that could potentially ravage a captive and vulnerable population in China, if not the world, but simply to illustrate the wider consequences and very usefully convenient backlash of a cascade event that fulfills multiple purposes on a globalist checklist toward reestablishing control over a groaning planet.

They may very well have intentionally infected the Trump economic boom with a terminal disease.