• TAC - The Arnold Companies
The Arnolds Companies

Fear Gripped Equity And Energy Markets

Friday, Mar 8 2019
Market Talk

A bit of fear has gripped equity and energy markets this morning with a broad stock market sell-off spilling over into petroleum futures. Most petroleum contracts are down more than 2.5% at the moment, wiping the bullish technical signals that had taken over earlier in the week off the board.

The stock market tumble appears to have started after China reported that its exports plunged more than 20% in February, adding to concerns about a global economic slowdown.

Adding to the pessimism: Not only is the economic outlook in China looking worse going forward but (shocking no-one who has read numerous articles on the country’s number-fudging over the years) a new study demonstrates that the country’s GDP growth was not nearly as strong as advertised over the past decade.

Completing the bad news Trifecta: The February payroll report showed an increase of only 20,000 jobs during the month – less than 10% of the average monthly increase we saw in 2018. Will this report mark the return of “Bad news is good news?” During the years of the FED’s various monetary easing plans, equity markets often rallied on bad economic data points as they made more stimulus likely. For those hoping for an interest rate cut in 2019 instead of an increase, this slowdown in job growth could be a good thing. The flip side of that coin is the unemployment rates (both headline and U-6) continue to move lower, which is good news for the FED’s stated goal of promoting maximum employment.

CLICK HERE for a PDF of today's charts

TAC - The Arnold CompaniesTACenergyTAC AirKeystone Aviation

Latest Posts

News Update: New Senior Vice President and Chief Financial Officer
The Crescent® Renews and Expands Leases Totaling 48,856 Square Feet
Keystone Aviation Renews WYVERN Wingman Certification
TAC Air and The Wall Street Journal Launch Digital Newspaper Distribution for Business Aviation Executives

Archive

Latest Posts

Archive

The Arnold Companies
  • About
  • News & Views
  • Social Media
  • Careers
  • Contact Us
  • Sitemap
TACenergy
  • Supply
  • Customer Login
  • Apply For Credit
  • Market Talk Updates
  • Contacts
  • Blog
  • Social Media
Find Your Next Great Role With TAC.
Explore Careers
  • Privacy Policy
  • Terms of Use
  • Employee Login
TAC - The Arnold Companies © 2021. All Rights Reserved.