Stocks & Equities
The Nasdaq-100 recently hit record highs and the S&P 500 is almost all the way back to its pre-coronavirus slump record.
Some market segments and the related exchange-traded funds are doing even better than those broader benchmarks. At the sector level, technology and health care maintain leadership perches and there are signs of life in some previously lagging sectors.
Those green shoots are important, but some ETFs, many of which have ties to oil, are getting absolutely drubbed in 2020. The 10 worst-performing non-leveraged ETFs this year are sporting losses ranging from around 44% to just over 72%. Many are a direct play on crude.
Here’s a trio that are getting crushed, but a couple are recently rebounding…CLICK for complete article
Genetic testing firm 23andMe have discovered that Type-O blood is particularly resistant to SARS-CoV-2, the virus that causes Covid-19. In a Monday statement, the company said that preliminary results from over 750,000 participants have revealed clues as to why some people experience little to no symptoms from coronavirus, while others become gravely ill, according to Bloomberg.
Perhaps most interesting is that Type-O blood is also associated with a 66% reduction in the odds of developing severe malaria compared to the non-O blood types, according to a 2007 study.
This might explain why Hydroxychloroquine and other anti-malarial drugs have shown efficacy in treating COVID-19
Last week, peer reviewed research which analyzed the genes of more than 1,600 coronavirus patients in Italy and Spain who experienced respiratory failure suggested that blood type may play a role in the severity of the disease. The found that patients with Type-A blood were linked to a 50% increase in the likelihood they would require a ventilator. The results were similar to an earlier Chinese study regarding susceptibility to COVID-19….CLICK for complete article
Goldman’s energy analyst Damien Courvalin, who on May 1 turned bullish on oil (after being one of the first in mid-March to correctly warn that negative oil prices are coming) expecting a jump in prices from record lows due to a sharp reversal in supply/demand dynamics in the oil market, has agreed with us, and in a note discussing the latest fundamental drivers in the oil market, says it has turned “short-term bearish” on oil, for the following four reasons:
i) the unprecedented collapse in oil margins to unprecedented lows (which is reflective of both over-valued crude prices as well as a more moderate demand recovery);
ii) demand expectations are running ahead of a more gradual and still highly uncertain recovery;
iii) shale and Libyan shut-in production are coming back online, and
iv) prices are at levels where OPEC supply cuts should ease and Chinese purchases slow.
Back by popular demand, Ryan Irvine and Aaron Dunn of Keystone Financial are sharing their strategies to survive and thrive in this crisis. Is this a tipping point for for behavioural and technological change in areas such as work from home, cloud computing, cybersecurity, artificial intelligence, the internet-of-things and more? Considering their 2020 World Outlook Small Cap portfolio is up an average of 24.67% already – this event will be worth your while. ~ Ed
* June 9th @ 6:00pm Pacific / 7:00pm Mountain time
* June 16th @4:00pm Pacific / 5:00pm Mountain time
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