Luongo: Oil Taps Out as Trump Ends Lockdown, Shunning ‘Evil’ Advisement
We will likely see follow-through action in equities next week while oil prices continue to flounder.
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Weakest Retail Sales Since ’92 Confirm US Recession Fears
“Economists have long imagined over the years what a new Great Depression would look like, but today they can stop thinking about it.”
Bank of America, Citigroup Q1 Profits Tank Amid COVID-19
The bank’s analysis showed growth would recover slowly from the second quarter, “with negative growth rates in GDP extending well into 2021,” Chief Financial Officer Paul Donofrio said.