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European update – Oil, earnings, gold, bitcoin
What crazy times we live in Stock markets are back in the red on Tuesday afer Wall Street endured a shaky start to th week and oil left everyone gobsmacked as it ventured into uncharted territory. Oil clearly stole the show on Monday as WTI not only ventured into negative territory for the first time ever, it did so in style, plunging hundreds of percent to minus $40 a barrel. The May contract plunged as traders panicked at the prospect of taking delivery of something that had nowhere to go. The very idea of someone paying someone else $40 to take oil off their hands is utterly ludacrous and yet, indicative of the ... (full story)