I had been saying dow 30k as a target for nearly a couple years we got within 500pts to the target so close enough for me. probably pass it one day but fundamentals and technicals suggest to me thats the cycle for now if im wrong so be it.
Anyway the continued bond yield flirtation with inversion suggests recession is coming or at the least a sharp slowdown , the virus probably the catalyst as it spreads around the world.
money printing and buybacks will support the market but buybacks will likely end first as company profits are dented due to slowdown and the fed is on a continuing review on there qe till april at the moment.
If you think NZ is immune i laugh NZ market follows Wall st always has and always will.