Good Thursday morning.
News/Flows: On Wednesday, the bulls were finally put back on their heels. The market succumbed to increasing virus infection rates in multiple southern and western states. Reportedly Disney World workers have circulated a petition to delay the reopening on COVID-19 cases. The governors of NY, NJ, and CT have placed a 2 week quarantine on travelers from the hardest hit states. As this was being announced airlines, cruise shipping, energy companies’ shares all got hit. Front month WTI crude oil was down on this news and the build in inventories Other news that hit the tape IMF cut its 2020 worldwide GDP growth forecast to -4.9% from -3%.
Hot Shorts @ TradeZero the past week
AAL, AYTU, BAC, BIOC, BYFC, CCL, CETX, CTIB, DIS, EVOK, FFHL, FSLY,
GNUS, IBIO, IDEX, INO, MRNA, NKLA, PRPO,SINT, UAL, UONE
Keep an eye on gold, oil and the dollar. And watch for underlying trade tensions which appear to be bubbling below the surface of the news flow.
The content of this message and its attachments are intended only for the informational and educational use for the intended recipient and may contain confidential and privileged information. If you are not the intended recipient, any dissemination, distribution, or copying of this message or its attachments is prohibited. If you received this message in error, please notify the sender by replying to this email immediately and delete this message and its attachments from your computer. This content does not constitute an offer to sell or a solicitation to buy any security or instrument which may be referenced upon the site, or an offer to provide advisory or other services by the writer or company employing the writer in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. All communications sent to or from TradeZero America, Inc. are subject to archive and review by TradeZero America, Inc. and by regulatory and law enforcement authorities. We explicitly disclaim all liability for any action taken based on any information contained in this writing.