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Tag: Fragile

Oil has taken the hardest hit from Trump’s positive COVID-19 test, but the market was already looking fragile

October 2, 2020
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| business

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  • Oil fell as much as 5% on Friday after Presidnet Donald Trump said he had tested positive for COVID-19. That decline far outpaced other asset classes.
  • Trump’s test has no direct impact for the oil market right now, but it has brought into stark focus the risks to both supply and demand, analysts said.
  • Crude oil is set for its biggest weekly slide since the end of August and the price is approaching recent three-month lows.
  • Visit Business Insider’s homepage for more stories.

Affter US president Donald Trump tweeted early on Friday morning that he and his wife had tested positive for COVID-19, global financial markets went into a tailspin. Stocks, cryptocurrencies, and industrial commodities slid sharply and gold and safe-haven Treasuries rallied.

But it was oil that took the hardest hit. 

The price of WTI crude oil plunged by as much as 5%

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N. Carolina moves to Phase 3 but COVID progress is ‘fragile’

September 30, 2020
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RALEIGH, N.C. (AP) — North Carolina Gov. Roy Cooper announced on Wednesday that bars, amusement parks and movie theaters can partially reopen starting on Friday under a new Phase 3 order.

The updated executive order that will remain in effect through Oct. 23 also allows fans to attend outdoor sporting events. Venues with more than 10,000 seats can operate at 7% capacity, while those with 10,000 or fewer people can open to 100 people or operate at 30% capacity, whichever is less.

But the increased reopening comes with restrictions on businesses as the state’s coronavirus case numbers have held steady but at higher-than-desired levels.


Mandy Cohen, the state’s top public health official, warned that the state’s progress in dealing with COVID-19 is “fragile.” Cooper acknowledged the concerns and pleaded with North Carolinians to comply with the state’s mask mandate and other safety measures.

“The key indicators we watch in North

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The U.S. Stock Market Is As Fragile As A Crystal Glass

September 29, 2020
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No stimulus: limited gains for stocks

In the past month, the dynamics in the US equity market have clearly shown how vulnerable are risky assets in the near term as the economy is running out of stimulus. Firstly, we saw that the Fed’s balance sheet has stabilized at around USD 7tr in the past few months, which could eventually be perceived as a tightening policy in the current environment and result in an important drawdown in equities. Figure 2 (right frame) shows that the rise in the titanic rebound in the S&P 500 in the past few months was mainly driven by the mega-cap growth stocks (FANG+) amid the massive liquidity injections from the major central banks. The ‘bottom 490’ stocks are still trading at a 10% to 15% discount relative to their February highs.

Figure 1

Source: Eikon Reuters, RR calculations

The second risk is that as the unemployment

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