Asset protection

Disney, Beyond Meat And Video Game Makers All Set To Report As Firm Tone Continues

Posted by JJ Kinahan, Benzinga

on Tuesday, 5 May 2020 9:46

Maybe last week’s pause refreshed the market a little.

There’s a positive tone on Wall Street early Tuesday following Monday’s late recovery. Crude continues to advance, and that seems to be providing the fuel. With the exception of Japan, overseas indices all advanced overnight and some of the “horsemen of risk” like bonds and gold retreated.

So what’s going on here? There’s a line of thought that strength in crude reflects hopes for growing energy demand as some U.S. states start to reopen. California is the latest, though it’s just taking a few steps like allowing curbside pickup at…Click for full article.

Bone-Chilling Charts of the Collapse in US Demand for Gasoline, Jet Fuel, and Diesel

Posted by Wolf Richter, Wolf Street

on Monday, 4 May 2020 8:55

Oil companies are reporting financial fiascos every day: Today Exxon reported its first quarterly loss since 1999 ($610 million), on a “market-related” $2.9 billion write-down. “We’ve never seen anything like what the world is facing today,” CEO Darren Woods said.

On Thursday, Texas-based shale-driller Concho Resources reported a quarterly loss of $9.3 billion, after writing down the value of its oil and gas assets by $12.6 billion.

Also on Thursday, it was reported that Oklahoma-based Chesapeake Energy, a pioneer in shale-drilling, was preparing to file for bankruptcy…Click for full article.

Mike’s Editorial – Consequences of Government Handouts

Posted by Michael Campbell

on Saturday, 2 May 2020 12:26

Politicians are loving borrowing and spending hundreds of billions of dollars but they never talk about any negative consequences. Well here’s a beauty. In a country with over 7 million unemployed – employers can’t find workers.

C.D. Howe’s Business Cycle Council says country has entered a recession

Posted by Canadian Press

on Friday, 1 May 2020 9:13

Canada has officially entered a recession due to the economic devastation caused by the COVID-19 pandemic, the C.D. Howe Institute’s Business Cycle Council declared Friday.

The council, which acts as an arbiter of business cycle dates in Canada, said the economy peaked in February before the steps taken to slow the spread of the coronavirus brought the economy to a standstill.

“Members agreed that by applying the council’s methodology to the preliminary data available, Canada entered a recession in the first quarter of 2020,” the council said in statement.

There are no hard and fast rules for determining a recession, though a commonly used definition is two consecutive quarters of negative quarter-over-quarter economic growth.

However, the C.D. Howe council defines a recession as a pronounced, persistent, and pervasive decline…Click for full article.

Sell in May and Go Away?

on Thursday, 30 April 2020 11:16

As the old adage goes, “Sell in May and Go Away” but COVID-19 restrictions have us staying at home, planes grounded, hotels and restaurants closed and non-essential travel discouraged…. Where are we to go? which begs the question: if we aren’t going away do we still sell in May?

This Saturday (May 2) on MoneyTalks, Michael Campbell will be asking Timing the Market expert and Seasonality Analyst Don Vialoux that very question. He will also share his analysis on the North American markets during a U.S. Presidential Election Year.

Saturday May 2nd 8:30am – 10:00am Pacific time
LISTEN LIVE ?https://bit.ly/3bCo9Gr or join us here online.