Goldman Warns Oil Could Dip Into the $20s as Price War Begins
The move completely changes the outlook for oil and gas markets, the bank said, as it slashed its forecasts for the second and third quarters to $30.
Recent
OPEC’s Epic Fail Will Hurt All Oil Producers, Even Russia
This isn’t the first time OPEC+ has become an uneasy relationship, but it is by far the most damaging development yet.
Sam Zell Buying 'Ridiculously Low' Stocks in Market Chaos
Zell said he’s buying energy stocks and debt as well as land, focusing on existing production rather than drilling.
JPMorgan Strategist Sees Early Signs of Credit Market Stress
Supply-chain disruptions and a demand shock caused by the virus could already be causing cash-flow problems for businesses, the strategists say.
LPL: Good Times Ahead. . . Just Give It A Few Months
One strategist points out that the jobs report shows that the economy recovery some expect after the virus is contained is in the cards.
Long View: The Post-Coronavirus Stock Portfolio
The short-term effects of the epidemic, like $110 billion in missing airline revenue, are pretty obvious. The long-term effects are more speculative.
Gundlach Says Fed Likely to Again Cut Rates 50 Basis Points
Gundlach also said in the interview that he likes gold here. The precious metal is one of the standout winners from the outbreak and Goldman agrees.
