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[Reuters] Global shares extend rebound on hopes of G7 support [Reuters] Oil extends gains on expectations for coordinated effort to offset coronavirus impact [Reuters] Yen, franc rise as coronavirus uncertainty outweigh stimulus hopes [CNBC] G-7 countries promise to use policy tools but offer no specific actions to combat coronavirus [Reuters] Exclusive: G7 draft statement on […]
[Reuters] Stocks cling to stimulus hopes, Treasuries slide towards 1% [Reuters] Oil up as hopes of OPEC cut, stimulus counter virus gloom [CNBC] Coronavirus live updates: First case confirmed in New York City, Europe raises risk level [AP] Markets want Fed to save them. Why its tools might not work. [Reuters] BOJ reassurance on coronavirus […]
[K5News] Over 50 people at Kirkland nursing facility undergoing testing for coronavirus [Reuters] South Korea closes churches as coronavirus tally passes 3,500 [Reuters] Coronavirus weighs on South Korea February trade; ministry says worse to come [Reuters] Schools, universities to stay shut as Italy coronavirus death toll rises [CNBC] Coronavirus live updates: Australia and Thailand report […]
[Reuters] China data portends more punishment for bruised stock markets [Reuters] China February factory activity contracts at record pace as coronavirus bites [CNBC] Coronavirus live updates: France bans large gatherings, cancels Paris half-marathon as outbreak spreads [Reuters] Global downturn looms as countries struggle to contain coronavirus outbreak [Reuters] Iran calls on people to stay at […]
“U.S. Stocks Tumble 11% in Worst Week Since Crisis,” read the Friday evening Bloomberg headline. A Wall Street Journal caption asked the apt question: “U.S. Stocks Were at Records Last Week. What Happened?” A Friday Bloomberg article (Lu Wang) is a reasonable place to start: “It’s a stat so shocking that it’s difficult to believe: […]
Here’s the news of the week – and how we see it here at McAlvany Wealth Management: Evaluating the Storm Corona: The new “value” beer? Or value trap? It is virtually impossible to discuss hard assets without addressing this week’s global market rout on a more macro level. In market panics like this, individual company […]
[Reuters] Stocks plunge on coronavirus fears even as U.S. ramps up fight against spread [CNBC] 10-year Treasury yield collapses to another record low of 1.16%, 2-year rate tumbles below 1% [Reuters] Yen soars as investors stampede to safety [MarketWatch] Global oil benchmark falls to 2 1/2-year low as coronavirus sparks demand fears [CNBC] Coronavirus: WHO […]
Gold climbs higher as stocks are hit hard on Coronavirus fears. The DOW continues to see large drops and swings based upon supply chain disruption fears due to virus concerns. We cover the price movements of gold, silver, platinum, palladium, the US Dollar index, DOW transports, and more in this week’s show. Thanks for listening, […]
