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[Chart courtesy of MarketWatch.com] Moving the markets Optimists got a slap in the face, as reports of the greatly hyped experimental coronavirus drug Remdesivir, by Gilead, delivered disappointing results in clinical trials. That was enough of a downer for the markets to buckle, and the early gains were slowly wiped out, despite attempts to revive the bullish theme. Looking at …

Snapping A 2-Day Slide [Chart courtesy of MarketWatch.com] Moving the markets After a 2-day slide, the markets found some footing via temporary stabilization of the oil market, some better-than-expected earnings reports, and anticipation that Congress will produce another stimulus package, maybe this time without much bickering. Getting things started, and preventing oil from slipping further, were announcements by the administration …

After yesterday’s historic crash in oil prices, which pulled down equities as well, the pain did not stop today, as the major indexes got clobbered again with the S&P 500 surrendering over 3%. Apparently, even the headline scanning computer algos were confused as oil prices recovered some, but remain crushed, while earnings reports and additional congressional aid for businesses were …

[Chart courtesy of MarketWatch.com] Moving the markets I had to look at the chart several times before realizing that May crude oil had crashed over 300%, as of this writing, into negative territory, and a barrel of WTI settled at a price of MINUS $37. In other words, a seller was willing to pay a buyer that very $37—just to …