Cardillo’s Corner

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 […]
March 9, 2020

The Fed surprises with a rate cut – high volatility on Wall Street

March 9, 2020

Will surprise Fed rate cut mean more FPI flows to India? Here’s why it won’t

NEW DELHI: Stock markets’ reaction globally to the emergency 50 basis points rate cut by the US Fed has been tepid. Instead of welcoming the rate […]
March 6, 2020

Le Fonti International – March 6, 2020

March 5, 2020

Dow poised to give up much of Wednesday’s 1,200-point gain as coronavirus fears stalk markets

U.S. stock futures were indicated sharply lower on Thursday as anxieties about the outbreak of COVID-19 lingered and investors attempted to assess the ability of governments […]
March 4, 2020

Dow plunges 3% as Fed’s emergency rate cut spooks Wall Street

Wall Street stocks fell further Tuesday afternoon as markets reacted skeptically to the Federal Reserve’s surprise interest rate cuts to boost the US economy. Near 1905 […]