Year: 2020

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(Bloomberg) — In the oil price war between Saudi Arabia and Russia, the first big victim is likely to be Canada.Hit by unfettered supply from Russia and Saudi Arabia and reduced demand as a result of the coronavirus, the benchmark blend of crude produced from Canada’s oil sands plunged to a record low of $7.47 a barrel on Wednesday. The fallout: Virtually every barrel of oil now produced there will come at a loss at a time when the energy industry generates 10% of Canada’s gross domestic product and a fifth of its exports.The losses could spur a stark turnaround …read more […]

What a truly historic week this has been…
Everywhere you look, everyday investors are losing money… rapidly… like we haven’t seen in decades.
And through it all, investors are being told to wait it out… be in it for the long term… and even buy the dips – because the market always recovers.
In my view, that’s garbage.
Who has that sort of time?
Or, to put it another way, who wants to watch four years of gains all evaporate in a month’s time – only to have the cycle start all over again from scratch?
At Monument Traders Alliance, we take a different approach.
War Room …read more […]

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The recent plunge in the stock market triggered by the COVID-19 outbreak is likely due to fears that corporate profits will fall off a cliff as individuals and businesses drastically cut spending.
But if you’ve been in a supermarket lately, chances are you’ve bought (and maybe hoarded) some Procter & Gamble (NYSE: PG) products.
Its brands include Charmin, Pampers, Tide, Crest and Pepto-Bismol – all things that people don’t want to chance being without in a time of crisis.
Less crisis-driven household name brands under Procter & Gamble include Old Spice, Swiffer, Dawn and Febreze.
These are staples that most households buy throughout the …read more […]

(Bloomberg) — Extreme volatility in the oil market continued in Asia on Thursday amid an unprecedented global demand shock brought on by the coronavirus, with the market recovering some of the previous day’s losses.Futures in New York rose as much as 14%, the most since September, following a 24% rout in the previous session. The market crash had deepened after Saudi Arabia pledged to pump flat out for months to come, even as analysts ratchet down their forecasts for global demand this year. So far, neither the Saudis nor Russia have blinked since failed talks earlier this month to further …read more […]

Stock futures kicked off the overnight session lower, extending Wednesday’s crushing losses as policymakers and corporations continued to unleash further responses to the global coronavirus outbreak. …read more […]