Market Overview
- Premarket Down: Bearish
- BTC Down: Bearish
- Gold Up
- WTI Down
- Brent Down: Shock
- Russia reject to cut: Makes sense as U.S. Shale has been the most beneficiary since 2016 cut by OPEC+
- Real Shock: Saudi Arabia opened the price war on Saturday as they would increase their production and offer discount price by 20% starting April.
- Current future price is priced in all of above factor: Fair price should be around $40 until April though.
- Future price could dip further if other countries follow Saudi Arabia: Analysts see $20 is coming.
- Bonds(yield) Down
- Vix Up
- Black Bloody Monday: Virus spreads globally and more cases in U.S.. Oil Shock. Bitcoin slump. And yet, Market's not down by 10% but only down below 5%.
- Italy locks down
- Bond yields collapse
- Lebanon defaults
- Reserve CASH or CASH equivalents at least 50% of your entire portfolio until the market hit or near bottom. I expect the market plunge by 30%(least) from the top and that would another 14% from 24,500(DJI) to around 20,000.
5 Comments
Sad Monday but be strong.😁
ReplyDelete그러네요.
Delete슬프지만 드디어 예상한게 온것같네요.
😰😰😰
Good morning!
ReplyDelete굿모닝!
ReplyDelete그래도 굿모닝이요~~~^^
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