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Oil Drilled Below Zero, Equity Rally Stalls, Greenback Advances

April 21, 2020
Overview:  Oil's wild ride has been joined by two other developments that are keeping investors off-balance. First, reports suggest that North Korea's Kim Jong-Un maybe in critical condition after surgery. He apparently was absent from last week's events celebrating his grandfather. The concern is about a potential power vacuum and the…
Oil Drilled Below Zero, Equity Rally Stalls, Greenback Advances Oil Drilled Below Zero, Equity Rally Stalls, Greenback Advances Reviewed by Marc Chandler on April 21, 2020 Rating: 5
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Oil Tanks, Dampens Risk Appetites after Back-to-Back Weekly Equity Gains

April 20, 2020
Overview:  Oil prices have collapsed to start the new week.  The May contract, which expires now, is off over 20% to a little more than $14 and the June contact is off nearly 7% near $23.30.  Falling demand and limited storage space continue to overwhelm output cuts from OPEC+ that are to start next month.  Equities are struggling to extend the fi…
Oil Tanks, Dampens Risk Appetites after Back-to-Back Weekly Equity Gains Oil Tanks, Dampens Risk Appetites after Back-to-Back Weekly Equity Gains Reviewed by Marc Chandler on April 20, 2020 Rating: 5
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Capital Markets Stabilize before Economies

April 19, 2020
While the world's largest economies are contracting like never before, central banks have acted quickly and boldly to stabilize the global capital markets.  The stabilization has a clear directional bias:  good for stocks, bad for the dollar. The major equity benchmarks rose for the second consecutive week for the first time in two months.  Th…
Capital Markets Stabilize before Economies Capital Markets Stabilize before Economies Reviewed by Marc Chandler on April 19, 2020 Rating: 5
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What Now?

April 18, 2020
We have learned that China, the world's second-largest economy contracted by nearly 10% in Q1.  The US has lost in less than two months all the jobs gained in the record expansion.  The central bank of Canada, the 10th largest economy, warned that its output could fall by 30% in the first half.  Europe's automakers' association estimat…
What Now? What Now? Reviewed by Marc Chandler on April 18, 2020 Rating: 5
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The Dollar and Equities are Finishing the Week on Firm Footing

April 17, 2020
Overview: A 9.8% contraction of the Chinese economy in Q1 did not derail investor optimism today, which saw Asia Pacific stocks rally strongly after Gilead reported very preliminary positive testing of its drug to fight the coronavirus and plans to re-open are developing. Japan's Nikkei and South Korea's Kospi surged more than 3%. The MSCI…
The Dollar and Equities are Finishing the Week on Firm Footing The Dollar and Equities are Finishing the Week on Firm Footing Reviewed by Marc Chandler on April 17, 2020 Rating: 5
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