- Worst quarterly earnings since 2008 expected
- Oil contract disparity sends markets reeling
Global equities and U.S. futures for the , , and are all in the red this morning, as reports about the possibility that the health of North Korea’s leader may be in jeopardy. Those accounts, although as yet unverified, have injected additional uncertainty into already shaky markets roiled by the continuing spread of COVID-19 and a historic oil price meltdown yesterday.
In addition, the first big week of Q1 2020 earnings season is underway and the expectation is for the worst corporate results to be released since 2008.
The U.S. dollar strengthened and gold fluctuated.
Global Financial Affairs
On Tuesday, investors were unnerved by reports that North Korea’s Kim Jong Un was in critical condition after surgery, causing him to miss holiday celebrations. The same traders who transformed a fresh bear market into a new bull in record time suddenly turned pessimistic this morning,…