Cardillo’s Corner

March 12, 2020

A bloody Monday in the Wall St. as crude oil clobbered, Covid-19 outbreak deepens

On Monday, the 9th of March 2020, Wall St. had witnessed its steepest intra-session plunge since the era of great financial depression of 2008, as lingering worries […]
March 11, 2020

Reuter Interview

March 11, 2020

Is COVID-19 getting sick on Wall Street?

Although the actions marked a warm green after the worst day in the last decade, the effect that the coronavirus has had on Wall Street can […]
March 11, 2020

Investors, Analysts See Market Turmoil and Recession as Threat to Trump Re-election Bid

WASHINGTON — With the U.S. markets in turmoil due to coronavirus-driven recession fears and plunging oil prices, investors and analysts on Monday said they were factoring […]
March 11, 2020

Dow plummets 1,400 points, oil prices drop as global recession concerns mount

U.S. stocks and bond yields tumbled Monday, extending a global rout after a sharp drop in crude prices intensified concerns about a global recession. The Dow […]
March 11, 2020

Allocate 10-15% to gold as stage set for global recession: Peter Cardillo

What we are seeing now is what we saw back in the financial crisis of 2008-2009, says Chief Market Economist, Spartan Capital Securities. We had the […]
March 10, 2020

Oil drowns post OPEC no deal | Peter Cardillo & Seth R. Freeman To ET NOW

We had the coronavirus scare first. Now, crude prices are falling. Also, for the first time ever, 10-year US yields have gone below 0.5%. What is […]
March 9, 2020

Wall Street pummeled by crude crash, virus spread

NEW YORK (Reuters) – Wall Street tumbled on Monday and recession fears loomed large as plummeting oil prices and ongoing coronavirus worries sparked a panic-driven sell-off, […]
March 9, 2020

UPDATE 1-INSTANT VIEW-Wall St plunges after oil shock, trading halts then resumes

March 9 (Reuters) – U.S. equities plunged on Monday as trading resumed following a slump in oil prices. Trading on U.S. stock exchanges was halted immediately […]