The Energy Sector fared a little better over the last two weeks. However, our Model Oil Portfolio dropped 0.9% and is now down 5.7% since inception on June 2, 2019 while, for 2020, it is off 14.6%. Many of the benchmarks we use are also struggling. The fear is that the coronavirus could spread globally and instigate a significant slow-down in a variety of economic areas. [more]
The specter of a coronavirus epidemic gripped the markets in the last few days with a broad sell-off occurring across almost all indexes. We are on the cusp of this health threat, and we could know soon whether it will proliferate or be contained. [more]
With a lessening of tensions in the Middle East, the Energy Sector retrenched last week. Although the price of crude oil rebounded in the latter part of the week, it was still down 0.9% and dragged many oil stocks down with it. [more]
It was somewhat of a wild ride last week as, at first, oil stocks surged with increasing global political tensions, but then they retrenched as these tensions dissipated. [more]
Copyright © 2024 | MH Magazine WordPress Theme by MH Themes