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"If No Agreement Expect Sharp Selloff" - All You Need To Know About Doha

"If No Agreement Expect Sharp Selloff" - All You Need To Know About Doha

Nations representing almost 60%of the world’s oil production will gather in Doha on April 17 to discuss "freezing their output at January levels" in an effort to stabilize prices. According to Bloomberg, Russia, Saudi Arabia, Qatar and Venezuela made a preliminary deal in February and are seeking to add more producers and extend the recent price recovery, but, despite the exuberant squeeze early this week, oil prices are fading modestly as D(oha)-Day looms.

 

With Everyone Selling Stocks, Who Is Buying? Goldman Explains

With Everyone Selling Stocks, Who Is Buying? Goldman Explains

There has been some confusion in recent weeks about one unexplained aspect of the rising market: just who is buying?

The reason for the confusion is not only the previously documented buyer strike by the smart money (hedge funds, institutions and private clients), which as we reported a few days have sold stocks for 11 consecutive weeks.

 

Then last night, citing the latest EPFR data, BofA reported that retail equity investors are now also "risk-off" following $6.2 billion in equity outflows from all regions.

Frontrunning: April 15

  • Global stocks, dollar and oil cool ahead of Doha meeting (Reuters)
  • Oil Falls Before Doha as Global Markets Brace for Weekend Risk (BBG)
  • China Growth Slows; Revival Policies Appear to Gain Traction (WSJ)
  • White House hopefuls Clinton, Sanders joust in Brooklyn brawl (Reuters)
  • Trump talks up 'New York values' as protesters demonstrate against him (Reuters)
  • Sanders Can’t Clarify Wall Street Plan in Testy Clinton Debate (BBG)
  • Goldman's Blankfein Said to Push Deepest Cost Cuts in Years (BBG)

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