Thursday, April 30, 2020

Gartman would not be a buyer of Crude Oil

The reasons for Oil Price declines

Huge Amount of Crude Oil coming into the US. Supply is increasing and demand is decreasing everywhere. We want to blame the Saudi and the Russians but that is being resolved right now. What I buy Crude Oil ? No Certainly not with your money.


Equities

I think we will go down and test the March 2020 lows. Rarely we get a bear market ending with a V bottom. Dead cats do bounce. I think this rally should be sold into. This is going to be one of the worst recessions. The Fed and Treasury are doing what they should be doing.


Corona Virus

This is the United States. We will defeat the Corona Virus. 


Q1 2020 Upcoming Earnings

It's not going to be pretty


Click here for the full audio on bloomberg Daybreak