The hits just keep on coming in this volatile environment. The latest development? An absolute meltdown in the crude oil futures market.
The benchmark price of a barrel of U.S. crude oil started...
By Mike Larson On April 22, 202010:20 AM Eastern
The pattern of the last couple of bear markets is clear: Just when one market “fire” goes out, another crops up somewhere else. That causes a renewed bout of selling pressure and leads to a fresh...
By Jon D. Markman On April 22, 202006:28 AM Eastern
Stocks ran off the rails again this Tuesday as a slump in demand has crushed the market for crude oil and spooked investors across the board.
The Dow fell 500 points at the open, tried to get...
By Jon D. Markman On April 21, 202003:20 PM Eastern
Stocks are selling off this afternoon as a slump in demand has crushed the market for crude oil and other energy sources.
All sectors are down, led by a 3.2% slam in the Financial Select Sector...
By Sean Brodrick On April 21, 202012:03 PM Eastern
Gold is enjoying a great run. A further pullback wouldn’t surprise me too much. So, we’ll take HALF gains on a few positions. That way, you …
Take some money off the table. Lower your entry...
By Sean Brodrick On April 21, 202010:38 AM Eastern
News came out today on a study that shows Abbott Laboratories’ (NYSE: ABT) five-minute coronavirus test is the least accurate of the available tests. It’s just one study, and Abbott Labs has a...
By Mike Larson On April 21, 202008:00 AM Eastern
This week, oil prices crashed. Imploded. Collapsed. Pick your favorite verb … they all apply.
Specifically, the benchmark U.S. May crude oil contract plunged from around $20 early on Monday to...
By Jon D. Markman On April 21, 202006:28 AM Eastern
Stocks swarmed lower Monday as Congress and the White House negotiators stalled on a deal for $500 billion in virus-related financial relief and crude oil mounted an epic, mind-blowing plunge.
...
By Tony Sagami On April 20, 202003:16 PM Eastern
My mother really knew how to stretch a dollar. She always bought a whole chicken, rather than cuts of meat, and used every part. She would also reuse aluminum foil several times before throwing it...
By Jon D. Markman On April 20, 202003:03 PM Eastern
Stocks are swarming lower Monday as Congress and the White House negotiators appear stalled on a deal for $500 billion in virus-related financial relief. Meanwhile, energy stocks crater in synch...