Need to Know: Why hedge fund manager Dan Loeb is staying ‘wary’ of this too-perfect market

Need to Know: Why hedge fund manager Dan Loeb is staying ‘wary’ of this too-perfect market

Why hedge fund manager Dan Loeb is staying 'wary' of this too-perfect market. Critical information for the U.S. trading day. It has been a wild night in Iowa, and the coronavirus death toll is not slowing.. But stock markets are ready to rip higher, led by Chinese equities, as optimism over that big cash injection by the People's Bank of China and upbeat U.S. data on Monday are carrying over.. Neil Wilson, Markets.com's chief market analyst, says if markets get through the rest of the week without a big escalation in Europe or U.S. coronavirus cases, then stocks will be in fighting mode - with the Dow. "We are entering a key phase of the outbreak now in terms of how we measure the economic damage and whether it produces a material reduction in equity valuations," Wilson tells clients.. Politics is grabbing attention this morning as Iowa's Democratic presidential caucuses - the party's first nominating contest for the 2020 election - turned into a hot mess after problems with a mobile app.. Onto our call of the day, which checks in with what's on the worry list at hedge fund Third Point LLC and manager Dan Loeb from the recently