'This is war': Stocks, oil, Treasury yields, and bitcoin plunge as the Fed's rate cut fails to allay coronavirus fears | Currency News | Financial and Business News | Markets Insider

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'This is war': Stocks, oil, Treasury yields, and bitcoin plunge as the Fed's rate cut fails to allay coronavirus fears | Currency News | Financial and Business News | Markets Insider
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'This is war': Stocks, oil, Treasury yields, and bitcoin plunge as the Fed's rate cut fails to allay coronavirus fears

'This is war': Stocks, oil, Treasury yields, and bitcoin plunge as the Fed's rate cut fails to allay coronavirus fearsStocks, oil, Treasury yields, and bitcoin dropped on Monday as investors worried about coronavirus choking growth despite the Federal Reserve's surprise interest-rate cut on Sunday.

"The Federal Reserve has panicked. It didn't just fire its bazooka, it dropped an atom bomb of liquidity and monetary stimulus," one analyst said. "The Federal Reserve has panicked," Neil Wilson, chief market analyst for Markets.com, said in a morning note.

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