Energy & Commodities
The plunge in global equities on Wednesday and Thursday dragged down crude oil, with even concerns about falling Iranian supply not enough to keep crude from a steep selloff.
Brent fell more than 1.2 percent on Wednesday and was down another 1.5 percent in early trading on Thursday, falling back to the low-$80s per barrel, down from over $86 last week.
The same supply concerns are still there – Iran’s oil exports are dwindling, and it is unclear if OPEC can fill the gap. But the sudden cracks in the global economy took on a higher priority…. CLICK for complete article
The plunge in global equities on Wednesday and Thursday dragged down crude oil, with even concerns about falling Iranian supply not enough to keep crude from a steep selloff.
Brent fell more than 1.2 percent on Wednesday and was down another 1.5 percent in early trading on Thursday, falling back to the low-$80s per barrel, down from over $86 last week.
The same supply concerns are still there – Iran’s oil exports are dwindling, and it is unclear if OPEC can fill the gap. But the sudden cracks in the global economy took on a higher priority…. CLICK for complete article
Investors were selling stocks in panic yesterday, following breaking down below the support level of the late January local high. The S&P 500 index has retraced its three-month-long advance in one day, and it fell below the level of 2,800. Will this sell-off continue today? CLICK for complete article
Investors were selling stocks in panic yesterday, following breaking down below the support level of the late January local high. The S&P 500 index has retraced its three-month-long advance in one day, and it fell below the level of 2,800. Will this sell-off continue today? CLICK for complete article
Michael will be broadcasting live from Marty’s home in Florida Saturday morning. The huge correction in the stock market could provide a rare opportunity for investors. Who better to ask than the highest pad economist in the world. This will be MUST HEAR radio.
Listen Live or download the podcast – 8:30am to 10:00am Pacific time.
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