The case for buying Macau on a coronavirus fear trade keeps getting stronger by the day. Here we’ll go through the reasons in detail. First, we’ll briefly recap the reasons mentioned last week, then add some new ones, and finally detail what I believe will prove a safe and effective trading strategy. Opportunities like this don’t come along often, and when they do, most people are too scared to take them.

Before we begin though, let’s get the Bernie Sanders caveat from last week out of the way. The Iowa caucuses have just finished and the threat of a Bernie Sanders market plunge is pretty much off the table now. Leaving pure politics out of this, for markets at least, the results were even better than a Sanders loss. The entire Democratic party lost because there are no results, something or other crashed or whatever, and the whole thing looks like what normally happens with the election of a new US puppet government somewhere in the Middle East after the army just finished bombing it and clearing out the previous regime in its latest attempt to spread democracy and demonstrate US exceptionalism. At least this time Trump didn’t have to call in airstrikes on Iowa. There was no need, and thankfully nobody has been killed. Yet.

The Sanders campaign will blame a conspiracy to steal the election, nobody will care, and even if the sorry Iowans iron out the count at some point and Sanders technically wins, it won’t matter because everyone will too be busy laughing. As for New Hampshire on February 11, Bernie will probably win that one, but New Hampshire is weird so it doesn’t matter.

Anyway, a very quick recap on why not to freak out from last week: The fatality rate of the new coronavirus is already dropping, now at about 2% from 3%. It’ll keep dropping. The median age of those succumbing to the virus is 75 according to the China National Health Commission. Peak flu season is February, which ends in 3 weeks, and the faster this thing spreads, the faster it will burn out.