ImbertOil prices are following U.S. stock futures lower as concerns over the coronavirus outbreak took a bite out of global economy growth expectations. West Texas Intermediate futures were down about 4%, on pace for their worst day since Jan. 8, when they dropped 4.9%. U.S. crude also hit its lowest level since Feb. 18. Brent futures were down 4.2% and reached their lowest level since Feb. 13.
"The market is becoming very narrow in terms of stocks that have outperformed the S&P 500 over the last three months," wrote JC O'Hara, chief market technician for MKM Partners, over the weekend. "Currently, this is the smallest group of winners since the 2007 market top." —The Federal Reserve may be forced to cut interest rates this year as worries about the coronavirus keep spreading, according to an Evercore ISI note to clients on Monday.
If CNBC would quit causing pani with their 'Coronavirus Crisis' 15 hrs a day....but how else do traders make money then striking fear into their clients. This too shall pass...
Turns out it wasn’t that brief after all
Why would smartmoney come in last hour to save day? They’re in cash & gold waiting for more downside. coronavirus impact only growing, rate cuts, china turmoil, fed printing $$, worldcrisis everywhere. cnbc socialmedia $AEM agnicoeagle bhp BHP
IntelCrab
It’s still down more than -1000.
realKyleOlbert moga ini synical,jangan ampe negara EM,jangan resesi ya Allah,this is what happen when CCP aren't fully cooperated with WHO & CDCgov,yet you DrTedros still kiss their ass amid how destructive their behaviour can be,banyak target tahun ini 🤦♂️
Please use that magical word: TURMOIL
How that’s comment that “we’re good” when asked about the Coronavirus three weeks ago realDonaldTrump. Enjoying India?
Oh shit the Dow is down! Up! I like it when it's up!
Why is so obsessed with point drops and not percentage moves. A 1000 point drop in 2020 is completely different than a 1000 point drop in 2008. carlquintanilla
haydenw97
Buy now!!!
Nothing new under the ☀️; eventually it will double within the week. Momentum of RISE!
Looking at the PE's of all these high flyers, we have a long way down before reaching fair value.
IntelCrab
Why are $AAPL and $MSFT still up?
A little Black Monday doesn’t hurt.
Sanders Socialist Slide
Hey idiots at CNBC, do you want to mention the fact that 10,000 baby boomers retire each day. These people will be exiting the markets in droves. Trump has killed potential market gains by this FAKE MARKET for years.
DOW JONES DROPING SHOULDNT STOP YOU FROM MAKING MONEY THIS YEAR ...THE SPORTSBETTING MARKET IS ALWAYS OPEN AND WE CASHED IN 300k THIS YEAR ALONE...FOLLOW US FOR A CHANCE TO WIN 200$ SENT TO YOUR PAYPAL
Interesting that on days like this we tend to see more older males as guests so that they can be the reassuring grandpas for us. :)
tell the whole truth, market is not just down on the virus, its down on fears of the virus, historical low bond yields, and Bernie. FactsMatter
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Source: BusinessInsider - 🏆 729. / 51 Read more »