Stock Market News: Stock Market Review, March 9th, 2020
Coronavirus fear intensified & Oil Plunge
Last week, market was in a roller coaster mode. Where dow was up 1000 points a day and down 800 points the next.
Global coronavirus affected cases also increased drastically outside of china, and the impact of the outbreak now is not measurable.
Last week pick updates
Our Pick for 2nd March 2020
- No Pick
For now, adding to the market fear of coronavirus is the oil price war.
Over the weekend, Saudi decided to increase its oil production output, and offered a steep discount to its customer, this spark closes to a 30% drop in oils future.
This is a tough market to trade, without clear development on the treatment on coronavirus, we are mainly going to monitor only.
Our pick for 9th March 2020
- No Pick
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Till next week,