IG bonds just formed a death cross. Recession Statement on track, as have been warning. Economic activity in MENA will be depressed

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The Evidence Mounts That the Global Recession Is Already Here

The breadth of the collapse is beginning to appear in the initial trickle of economic data across the world, revealing a cratering of trade, reined-in business investment, cowering consumers and surging unemployment that’s sparing few industries.

OECD Says Leading Indicators Flag Biggest Monthly Drop on Record

Major economies are seeing the biggest monthly slump in activity ever amid the coronavirus crisis and no end is in sight without clarity about how long lockdowns will last, the Organisation for Economic Cooperation and Development said on Wednesday.

Somebody Just Bet $10,000 on WTI Oil at 50 Cents a Barrel: Bloomberg

WTI is down 56% this year, and some obscure corners of the U.S. market have even seen negative prices. But a drop below $1 for headline prices seems a long shot. Still, traders have been snapping up contracts that would profit from crude at phenomenally low levels.


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