Oil has best month ever
In April, oil prices briefly went negative. May was a different story with WTI Crude, the U.S. oil benchmark, registering its best month ever after gaining 88.38%. Record supply cuts and an uptick in demand pushed prices higher.
Continue reading “Highlights from May 2020 – Oil has best month ever; COVID-19 impact on employment; U.S. corporate earnings; First Quarter (Q1) GDP readings; Stocks continue rebound”
COVID-19 cases accelerating
The World Health Organization (WHO) declared COVID-19 a pandemic in March. New cases and fatalities are still growing exponentially. At the end of April there were 3.25 million cases (up from 860,000 at the end of March). The number of fatalities has grown exponentially too to 231,000 at the end of April (up from 42,000 at the end of March).
Strong rebound in stocks
Almost after every crash comes a resounding boom. Continue reading “Highlights from April 2020 – Strong rebound in stocks; Oil prices go negative (for a while); Central Banks announce big bond purchases”
COVID-19 (Coronavirus) now a pandemic
The World Health Organization (WHO) declared COVID-19 a pandemic on the 11th of March. New cases and fatalities are growing exponentially. At the end of March there were about 857,000 cases globally (up from 85,000 at the end of February and 9,500 at the end of January).
Continue reading “Highlights from March 2020 – Coronavirus now a pandemic; Equities record worst month since 2008; Government bond yields fall further; Major Shock, recession, or depression?”
Coronavirus – Worse than SARS and MERS
The new Coronavirus (officially named COVID-19 now) infected 85,000 people at the end of February (up from 9,500 at the end of January). It is far more widespread now, not just in China but across other Asian countries. Far worse than SARS and MERS already – will this turn out to be a global pandemic?
Continue reading “Highlights from February 2020 – Coronavirus moves the market; Oil down 27% so far in 2020; Equities Collapse; U.S. Treasury yields hit all-time lows; Japanese Q4 GDP falls big”
2019 was a historic year for many reasons. Record returns on stocks, bonds and other assets. 2019 – this time it was different. And 2020? This time it will again be different, very different.
Continue reading “Highlights from December 2019 – Stocks, Earnings, Bonds, Negative Interest Rates; Everything 2019; 2020 Predictions”
Stock Markets Rally
Equities markets continued their rally in November, the S&P 500 gained 3.4%, the Dow 3.7% and Nasdaq Composite 4.5% during the month. Elsewhere, the Japan TOPIX gained 1.9% during the month and the UK FTSE was up 2.2% during November.
Continue reading “Highlights from November 2019 – Stock Markets rally; S&P 500 up 25% so far this year but S&P 500 earnings flat in third quarter this year vs last year; Germany avoids technical recession”
What happened in October: The S&P 500 hit an all-time high as trade tensions eased. The Fed cut interest rates again. Meanwhile, China GDP growth was slowest in three decades. The British Pound soared in October and signs are that the Eurozone economy is faltering more than expected.
Continue reading “Highlights from October 2019 – Stock Markets hit all time high; China growth slowest in three decades; GBP rallies; Eurozone economy fragile”
The Stock Markets made big swings in August thanks to trade tensions heating (and then cooling) between the U.S. and China and the yield curve inverting.
Continue reading “Highlights from August 2019 – Big Swings in Stock Markets; The Yield Curve inversion and the Bond market yield collapse”