The Auto Industry Is About To Drive Off A Cliff, Again
Submitted by Gordon T. Long of MATASII
SELF INFLICTED ABUSE
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The Best And Worst Performing Assets Of The First Quarter
Welcome to a new financial quarter.
As part of the usual review of last month and Q1 asset performance, it is worth nothing one surprising element of Q1 we showed over the weekend, namely that the VIX index had its lowest average quarter since Q4 2006.
As Quota Compliance Tumbles, Is The End Of OPEC Near?
OPEC’s progress in reducing the oversupply in global oil markets relied on contributions from Nigeria and Libya in March, two countries that are exempt from the group’s deal to rein in production.
The Organization of Petroleum Exporting Countries pumped 32.095 million barrels a day, down 200,000 a day from February, according to a Bloomberg News survey of analysts, oil companies and ship-tracking data. Supply from Nigeria and Libya dropped by a combined 210,000 barrels a day to 1.55 million and 620,000 a day, respectively.
VIX Tops 13, Stocks Catch Down To Hedge Anxiety
Both VIX (equity protection) and CDX (credit protection) decoupled notably from equity indices late last week and today it appears investors are catching on today...
Tesla Shares Hit Record High
In addition to Amazon hitting its now daily all time high, today the tech online retail that recently made Jeff Bezos that second richest man in the world was joined by Tesla, whose shares just hit a new all time high above $292, surging over 5% on the day, following Sunday's report that first-quarter vehicle deliveries jumped 69% from a year ago to a quarterly record of 25,000 vehicles, bouncing back from delays in the previous quarter.