Today, the market is caught in a game of tug-o-war that has it bouncing all over the place. Two main narratives have emerged that are pulling the market in different directions.
The first is the massive, record-shattering unemployment numbers that were released today, showing over 6.6 million new unemployment claims.
The other is some potential involvement from the United States in the price war which Russia and Saudi Arabia are currently embroiled in.
In today’s market update video, I’ll break down each of these developments and discuss the impact each is having on the market.
These two storylines are likely to continue to be the main market movers (along with any coronavirus news) in the short-term, so you’ll want to be sure to stay up-to-date on any new developments.