Markets Modestly Lower as Oil Prices Fluctuate Wildly

Stocks ended a volatile week modestly lower.  Stocks fell sharply on Tuesday after May U.S. crude oil futures traded negative for the first time.  The current excess inventories have nearly filled all storage and the OPEC+ cuts are not scheduled to start until May.  Nearly three dozen ships are currently located off the coast of […]

Positive Preliminary Drug Trials and Hope for Reopening of the Economy Drive Stocks

The International Monetary Fund updated it’s world economic outlook and projects the world economy to contract 3% in 2020.  This forecast assumes the pandemic fades in the second half of 2020.  Growth for 2021 is forecast to rebound by 5.8%.  For the United States the economy is forecast to shrink 6.1% this year and grow […]

Dr. Fauci the FED and Oil Move the Markets

Stocks rallied on Monday and Tuesday for no other reason than the number of new cases seems to be slowing in New York.  As the week went on, Dr. Anthony Fauci, the nation’s top infectious disease expert, lowered his estimate of U.S. Covid-19 deaths from the range of 100,000 to 220,000 to more like 60,000.  […]

March Economic Data

Stocks continued to sell off, although with less volatility.  March data showed an unprecedented global slowdown as economies are hit with stay at home orders.  Even China, who has largely attempted to get back to work, has seen only an anemic recovery in manufacturing with worsening contraction in the services sector in the month of […]