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06Apr2020 Pre-Market Commentary: Wall Street Futures Jump On Hopes Of Slowdown In Coronavirus Cases, DOW Up Almost 800 Points, WTI Slips To 27.32, US Dollar Up At 100.79, Gold Trending Higher At 1541

Written by Gary

US stock index futures have jumped nearly 4% this morning (SPY +4.0%). Recession fears remain the next turn downward say some analysts.

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03Apr2020 Market Close: Wall Street Closed Off Session Lows, But Remained In The Red, DOW Closed Down 361 Points, WTI Closed Up 28.60, Gold At 1621, Tighten Seatbelts, Turbulent Sessions Coming Up

Written by Gary

US markets close out another wild week on Wall Street (SPY -1.5%). 'Helicopter Money' sends USA risk soaring, little doubt that the economy is in a recession.

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03Apr2020 Midday Update: Wall Street Trending Further Down After Opening, DOW Down 480 Points, WTI Rose To 28.50, Now At 26.61, Coronavirus Sinks US Payrolls, More Pain Awaits

Written by Gary

The US economy shed 701,000 jobs, Benchmark Brent crude oil futures rose as high as $33.37 (SPY -2.0%). The coronavirus outbreak has shuttered businesses and factories, confirming a recession is underway.

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03Apr2020 Pre-Market Commentary: Wall Street Futures Down Fractionally, DOW Futures Down 84 Points, WTI Crude Skyrockets To 28.35, US Dollar Gains 100.70, Unlikely We Have Seen The Worst Market Pain

Written by Gary

With coronavirus infections topping 1 million, and massive 700,000 Job Losses markets expected to open fractionally lower (SPY -0.2%).

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02Apr2020 Market Close: Wall Street Closed Moderately Higher, DOW Closed Up 470 Points, WTI Crude Slipped Fractionally To 24.70 Off Early Highs, Upward Bullish Pressure Waning As Virus Impact Worsens

Written by Gary

US stock market indexes made major swings just above the unchanged line, twice climbing to 400+ points, retreating into the red, but closing in the green. SPY closed up +2.3%, COVID-19 infection over 1 million, expect more market pain.

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02Apr2020 Midday Update: Wall Street Rises Moderately, DOW Up Almost 400 Points, WTI Crude Currently Slipping To 25.21, Gold Above 1600 Again

Written by Gary

Oil soars after Trump says Saudis and Russians to cut output. WTI reaches the $27 handle. US auto sales plunge to lowest in a decade, but the worst is yet to come in Q2.

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02Apr2020 Open-Market Commentary: Wall Street Rises Unfazed As Jobless Claims Top 6 Million, DOW UP 90 Points, WTI Higher At 22.13, US Dollar Higher At 100.24, These Numbers Will Not Hold

Written by Gary

U.S. stock indexes fell at the open and have risen uncharacteristically in the face of terrible jobless news (SPY +0.6%). US auto sales tumble 12.5% on coronavirus hit.

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01Apr2020 Market Close: Wall Street's Major Indexes Slammed As Virus Anxiety Grows, DOW Closes Down 974 Points, WTI Crude Settles At $21 Bbl, Gold Down Fractionally At 1588, US Dollar Rises As Global Slump Looms

Written by Gary

WTI crude ends higher after U.S. crude jump, gasoline demand sinks (SPY -4.5%). $81 billion in rent is due today stockpiles, US coronavirus cases top 200,000.

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01Apr2020 Midday Update: Wall Street Sinks As Coronavirus Anxiety Grows, DOW Down 577 Points, WTI Crude Pennies Higher At 20.56, US Factory Orders Tumble To 11-year Low

Written by Gary

US major stock indexes tumbled this morning, no good news in sight (SPY -3.4%) The COVID-19 pandemic wreaks havoc on the economy reinforcing views that the US is in a recession.

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