Is fear of a Sanders presidency bern-ing markets?

Fears about the spread of coronavirus, to be sure. But a chorus of analysts also thinks concerns about Vermont Senator Bernie Sanders winning the Democratic presidential nomination — and possibly even the presidency — are also contributing to jitters. “The risk to US stocks is pretty significant if Bernie gets the nomination,” said Ed Moya, senior […]

US Open – Carnage pause, Treasury yields remain heavy, Home Depot impresses, Oil looks vulnerable, Gold’s pullback, Bitcoin softens, LATAM under pressure

The day after the Dow’s worst drop in two years is showing a small bounce that is getting faded. It seems Wall Street is prepared to shift V-shaped recovery calls to U-shaped ones.  While China is showing progress with the coronavirus, the global spread continues as Afghanistan, Kuwait and Bahrain now have confirmed their first […]

Europe suffers worst day since 2016 as virus spreads

Europe’s share markets suffered their biggest slump since mid- 2016 on Monday, as a jump in coronavirus cases in Italy, South Korea, Japan and Iran sent investors scrambling to the security of gold and government bonds. Milan’s stock market plunged over 4.5% after a spike in cases of the virus left parts of Italy’s industrial […]

US Open – Pandemic Panic, Treasury yields in freefall, Bernie vs Trump, Oil’s bloodbath, Gold eyes $1,700 and beyond

All the major indexes around the globe are selling off as global contagion fears intensify.  The coronavirus is spreading, reaching Italy, Europe’s fourth largest economy and spreading into the Middle East, with cases spreading into Iran and Oman.  Much of the resilience of US stocks has been that China contained the virus and that the […]

Oil rises from 13-month low as new virus cases slow

Oil rose to more than $54 a barrel on Tuesday, recovering from a 13-month low as the number of new coronavirus cases slowed in China, easing some concern over the potential for lengthy destruction of oil demand. The death toll climbed above 1,000 on Tuesday, though the number of new confirmed cases fell. The epidemic […]

US Open – Risk Appetite Grows ahead of Powell, Oil bottom in place, Gold rally pauses, EM in focus

Global equities are higher across the board as investor optimism grows that Beijing is confident enough to allow its largest businesses to resume industrial production and on hopes that Fed Chair Powell’s testimony to Congress will signal that the coronavirus impact to the global economy could warrant further stimulus from the Fed.  It seems that […]

Oil lower but set to log big weekly gain

Oil futures fell Friday, but the U.S. benchmark remains on track for a more-than-3% weekly rise after a large fall in U.S. inventories and some cautious optimism on trade. West Texas Intermediate crude for the October delivery CLV19, -1.45% fell 77 cents, or 1.4%, to $55.94 a barrel, but was still headed for a 3.3% […]