Oil prices skidded on Monday after Saudi-Russian output discussions showed no immediate signs of progress while U.S. stock futures jumped as investors were encouraged by a slowdown in coronavirus-related deaths and new cases. Sterling fell after British Prime Minister was admitted to hospital following persistent coronavirus symptoms as the pandemic rapidly spreads. Brent crude fell as much as $3 in early Asian trading after Saudi Arabia and Russia postponed a meeting over a potential pact to cut production to Thursday....
Will the new coronavirus cause a recession in US in the next 6 months? On February 27th, we put the probability at 75% and we predicted that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to […]...
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]...
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]...
Less than a month after a polarizing CNBC interview, hedge fund billionaire Bill Ackman is starting to feel differently about the near-term future of the market and the coronavirus (COVID-19) pandemic."I am beginning to get optimistic," Ackman began in a series of tweet Sunday afternoon. "Cases appear to be peaking in NY. Almost the entire country is in shutdown. Hydroxychloriquine and antibiotics appear to help. There is increasing evidence that the asymptomatic infection rate could be as much as 50X higher than expected."If this is true, the severity and death rate could be much lower than anticipated, and we could be closer to herd immunity than projected."Ackman cited the fact that nationwide health institutions are doing everything they can to combat the spread of the coronavirus: "One could imagine a world in the next few months where everyone is tested and all but the immune compromised go back to a socially...
In a recent interview with the South China Morning Post, the founder Chinese telecoms giant Huawei said he was inspired by the political system and business governance he saw in the United States when he started the company. Ren Zhengfei also spoke about how the world’s largest telecommunications equipment supplier, and China’s biggest smartphone maker, is dealing with US sanctions. ...
(Bloomberg) -- Crude fell sharply in Asia after a delay to a planned meeting of top producers to discuss output curbs raised doubts over the prospects for an agreement.Brent futures dropped as much as 12%, after jumping almost 14% on Friday. The OPEC+ bloc including Russia will hold a virtual gathering on April 9 instead of Monday after fresh divisions emerged. Saudi Arabia and Russia have indicated that they want the U.S. to join any agreement, but President Donald Trump had only hostile words for OPEC on Saturday, and threatened tariffs on foreign oil.State oil producer Saudi Aramco has delayed until Thursday an announcement on its official selling prices for May, according to people with knowledge of the situation, to await signs of what may happen at the meeting. That comes as the International Energy Agency said that the deepest production cuts in the oil industry’s history wouldn’t be enough to...
