by Matt Rust | Mar 9, 2020 | Commentary
Following a breakdown in negotiations among OPEC+ members, Saudi Arabia took the dramatic step of cutting prices by around $6 a barrel. This move has sent global oil prices down by 31%. The largest move since the 1990 Gulf War. In response to this move in oil,...
by Matt Rust | Mar 9, 2020 | Commentary
“Stocks never bottom on a Friday.” – Wall Street Wisdom Considering the breath-taking volatility this week, the above stock market axiom seems appropriate to share. Stocks remained slightly negative on the day but rallied strong into the close. While the strength of...
by Matt Rust | Mar 4, 2020 | Commentary
Today, the Federal Reserve lowered rates by 0.50% in a “surprise” move before its regularly scheduled meeting later this month. This is the first time the Fed has made such a move since 2008 during the Financial Crisis. It was done to get ahead of the effects of the...
by Matt Rust | Feb 28, 2020 | Commentary
Way back…..three days ago, we suggested the selling would continue before a “crescendo” low was reached in the market. Well, if Thursday’s action did not represent such a crescendo then we are likely just a day or two away. Unfortunately,...
by Matt Rust | Feb 26, 2020 | Commentary
Stock market selloffs never feel good as they are happening. It is human nature to feel fear during a downturn just as it is natural to feel greed during rallies. After all, they are two sides of the same coin. Fear and greed offer balance in a market that otherwise...
by Matt Rust | Jan 29, 2020 | Commentary
With the beginning of the Senate impeachment trial and the recent breakout of the “Corona” virus, stocks have taken a breather from the strong rally that kicked off 2020. The recent sell-off did not take us by surprise. During the Clinton impeachment, stocks rallied...
