20 April 2020 Today, for the first time ever, prices for an oil futures contract went negative. While this reflects that producers of WTI actually have to pay to get inventory off their hands (instead of receiving pay for it), this does not mean oil is free downstream. This market phenomenon occurred in anticipation of [ Read More ]

17 April 2020 Markets continue to trade in direct correlation to novel coronavirus news. The S&P 500 closed at 2,874 on Friday. The S&P 500 hit a record high of 3,393 on February 19 and bottomed at 2,191 on March 23, marking a 35% decline. Since then, it has rallied significantly - markets imply [ Read More ]