Oil demand

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Oil demand is conditioned by the level of GDP. The COVID-19 recession is deeper and appears more persistent than the 2009 recession, GDP levels will not be back to pre-crisis levels before at least 2022/2023. This means that demand will remain subdued during this period. Q2 2020 hedge fund letters, conferences and more Efforts To […]

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All Eyes On Amazon, Apple, and Facebook Earnings

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Commenting on the focus on Amazon, Apple, and Facebook earnings scheduled for the after-hours session and today’s trading Gorilla Trades strategist Ken Berman said: Q2 2020 hedge fund letters, conferences and more The major indices are all trading lower at midday following a bearish overnight session that was dominated by a sharp drop in European […]

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Recovery? What Recovery?

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After suffering a major hit in March and April, our economy enjoyed a substantial revival in May and June as businesses reopened and millions of Americans returned to work. Providing a very tangible measure of this rebound, the Bureau of Labor Statistics (bls.gov) reported that after peaking at 14.7% in April, our nation’s unemployment rate […]

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Trump on second stimulus check: Congress is running out of time

second stimulus check trump

President Trump and Congress are no closer to a deal on a deal for a second coronavirus stimulus check and other provisions than they were earlier this week when Senate Republicans revealed the HEALS Act. Time is running out for Republicans and Democrats to reach a deal. Q2 2020 hedge fund letters, conferences and more […]

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Coronavirus stimulus checks may be higher than $1,200: Trump

Coronavirus, stimulus checks, higher, Trump

The stimulus checks are coming as both Democrats and Republicans now agree that direct payment will be part of the next coronavirus stimulus package. Also, both sides have proposed giving $1,200 in stimulus checks to eligible Americans. President Donald Trump, however, says coronavirus stimulus checks could be higher than $1,200. Q2 2020 hedge fund letters, […]

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Kodak stock skyrockets after deal to make drug ingredients

kodak stock

Eastman Kodak stock has tripled today alone after the company said it received a loan from the government to produce ingredients for drugs used to battle the coronavirus. This week, Kodak stock has climbed than 2,000%, carrying its valuation to almost $2 billion following the news about the government loan. Q2 2020 hedge fund letters, […]

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