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[Reuters] Shares up as economies look to reopen [Reuters] Oil prices rise after smaller than feared U.S. inventories build [CNBC] US GDP shrank 4.8% in the first quarter amid biggest contraction since the financial crisis [AP] Federal Reserve likely to pledge support for ailing economy [CNBC] Coronavirus live updates: GE warns of Q2 financial hit, […]
The Covid carte blanche power grab Covid excuse to spend trillions – (you get to pay it back) New cold war companions? Russia & China. CLICK HERE to Listen to the MWM Q1 2020 Conference Call The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick Eco-Spasm: Economic Inflation & Deflation All At Once […]
[CNBC] Stocks add to Monday’s gains with Dow futures up more than 300 points [CNBC] Oil drops 12% on storage capacity fears and weak demand, futures were down as much as 20% [CNBC] Coronavirus live updates: Stay-at-home stocking up boosts earnings, US cases near 1 million [CNBC] Home prices were gaining serious strength just before […]
[Reuters] Shares jump as investors cheer lockdown easing, more stimulus [Reuters] Oil prices skid on oversupply, storage concerns [Reuters] U.S. dollar falls as lockdowns ease and traders turn less averse to risk [Reuters] Italian government bonds rally on S&P ratings relief [CNBC] Coronavirus live updates: Ex-FDA chief still sees ‘pervasive spread’ in US, VW restarts […]
[Reuters] U.S. response to virus splinters into acrimony and uncertainty [CNBC] Coronavirus live updates: China says all Wuhan patients have been discharged, Russia cases top 80,000 [Yahoo/Bloomberg] World’s Biggest Central Banks Meet as Pressure Mounts to Do More [Reuters] When oil became waste: a week of turmoil for crude, and more pain to come [NY […]
[Reuters] U.S. deficit could quadruple to $3.7 trillion in coronavirus crisis: CBO [CNBC] Trump pulls punches and clings to his China trade deal as backlash against Beijing grows [CNBC] Coronavirus live updates: WHO warns about reinfection, US cases top 900,000 [Reuters] Exclusive: China sent team including medical experts to advise on North Korea’s Kim [Fox […]
Now on a weekly basis, we’re witnessing things that couldn’t happen – actually happen. April 20 – Bloomberg (Catherine Ngai, Olivia Raimonde, and Alex Longley): “Of all the wild, unprecedented swings in financial markets since the coronavirus pandemic broke out, none has been more jaw-dropping than Monday’s collapse in a key segment of U.S. oil […]
Here’s the news of the week – and how we see it here at McAlvany Wealth Management: How the heck did we get negative oil prices this week and what does it mean for other commodities? Many of you may have been very surprised to turn on the financial news or even your evening news […]
