In this week, the US stock remains mostly higher due to OPEC decisions and as evidence mounts that coronavirus death & infection rates may be leveling off. OPEC & other major energy powers on Thursday ended with a tentative deal to reduce output by 10M BPD in May & June, the deepest cut ever agreed by the world’s oil producers. However, prices may not increase much in the near term, due to the collapse in overall demand. The U.S. threat of tariffs […]
Market Recaps
Recap April 5: Coronavirus Crisis will get worse – Recap (Recap Ep065)
In the recap of this week, we found that U.S. stocks end higher, as investors calculate the U.S. government $2.2 trillion rescue package will help businesses keep employees. Also as it seems the major global oil producers will agree to reduce output in the coming months. This agreement is important because oversupply is further undoing the oil market’s structure, & there may be more trouble to come as the world quickly runs out of storage capacity. The collapse in demand has shut […]
Recap March 29: Coronavirus Crisis – Welcome to the Apocalypse (Recap Ep064)
The recap of this week was marked by the coronavirus and its consequences in the global economy. After one entire week of work, The US House on Friday passed the expected historic $2T coronavirus relief package. Last week there were 238,000 claims for unemployment in the US, this week the number spiked to 3.28 million when the estimate was for around 1 million. Indicates there are far more people losing their jobs than originally thought. U.S. stocks end lower Friday, after exiting […]
Recap March 22: Coronavirus Worldwide Depression? – Worst Stock Crash in History (Recap Ep063)
This week we experienced the worst stock crash in history, U.S. stock index futures plunged lower early Monday morning, in the face of the rapidly spreading corona-virus & the Federal Reserve Bank announcement of an interest rate cut down to “0”, both events panicking some investors. Dow plunged over 1,000 points. Bitcoin was at $5,868.00 last Friday evening, then moves lower again early Monday morning to 4,894.97, on 03/16/2020, for a weekend market loss of -19.87%. The gains for the year are […]
Recap March 15: Tesla Stock Down 40% – Most Chaotic week in history (Recap Ep062)
In this week’s recap, markets are living the most chaotic week in history. U.S. stocks plunged on Wednesday, with the Dow confirming a bear market for the 1st time since the financial crisis, after the World Health Organization called the corona-virus outbreak a pandemic. The S&P 500 is also approaching a 20% loss, as the domestic & global economy takes a hit. European stocks had their worst day in history Thursday with Germany’s DAX & France’s CAC 40 both plunged over 12%. […]
Recap March 8: Stock Volatility Unprecedented – Coronavirus Fears (Recap Ep061)
In the recap of this week, coronavirus is again the main topic. U.S. stocks rebounding somewhat on Monday morning, reducing losses from last week’s coronavirus-linked hit. Markets coming off their worst week since the financial crisis. The Dow recorded its worst 1-day point drop in history. As the coronavirus pandemic continues to spread globally & the death toll mounts, it is now being stated that the majority of corona-virus deaths being reported are outside of China, for 1st time since the outbreak […]
Recap March 1: Stock Market Bloodbath – Tesla Stock Colapses 30% (Recap Ep060)
In the recap of this week, the Coronavirus is the main topic. The pandemic fears have wiped out $3.4 trillion from the U.S. S&P 500, in just 6 trading days going from record highs to a correction as of yesterday. And more losses are coming today. U.S. stocks are having their worst week since the 2008 financial crisis. That’s the fastest such movement in over 70 years. U.S. Treasury Yields hitting new record lows Friday as investors look for safety. Panic grows […]
Recap February 22: Stocks Tank on Revenue Guidance – Coronavirus Gets Worse (Recap Ep059)
This week, the U.S. stock indices heading lower on Friday, as a spike in new coronavirus cases in China & elsewhere around the globe, sent many investors running for safer assets such as gold, silver & government bonds. Several U.S. firms are warning investors that Q1 sales will take a hit from the ongoing coronavirus crisis. Apple is 1 example. At a market valuation of $1.4T, Apple put out a surprise investor update, stating it no longer expects to meet the revenue […]
Recap February 16: Stocks at Record Highs – Coronavirus Lingers (Recap Ep058)
In the recap of this week, we found the stock markets globally edged higher on Friday, as investors gamble that damage to the world economy from China’s coronavirus outbreak, will not be long term as earlier feared, despite the rather sharp rise in the number of coronavirus deaths & infections as reported by China. Some see the possibility of even more Chinese central bank stimulus measures, in response to any further slowdown likely. International Energy Agency slashes its forecast for global oil […]
Recap February 9: Tesla Stock Surges 300% – Stocks Hit Record Highs (Recap Ep057)
In the recap of this week, we found the U.S. benchmark S&P 500 wrapping up its best week in 8 months, as investors decide to be satisfied with Chinese government efforts to contain the spread of coronavirus & limit the economic damage from the outbreak that has now killed over 600 people. Over 300 S&P 500 companies have now reported Quarter 4 results so far, of which about 70% have topped earnings estimates. Earnings are expected to have risen 2.1% overall. E.U. […]