Stock of the Day
Stock of the Day
Out of context: Reply #548
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- sarahfailin0
Another bad sign for markets is the 50 day moving average crossed bearishly over the 200 day moving average. Sometimes referred to as a "death cross." This happened last in March of 2020 before some real shit went down.
From a WSJ article today regarding the spiking price of oil:
“Not every recession has been caused by an oil price spike but every oil spike has caused a recession,” said Brian O’Reilly, head of market strategy at Mediolanum International Funds. “This is likely to be a drawn-out affair and will have a sustained impact on commodity prices.”
- Yup. Got a full list of crazy low prices set to GTC. Wish I bought more CVX!formed