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18.03 - the situation is geting worse

22.03.2019

 

And we are still looking at the fallout of the global pandemic and thinking what can we do to shelter ourselves from the losses that seem inevitable at the moment. To us it seems that it is better to close the markets altogether for this moment in time. It seems safer to come back here after the pandemic is over and try to trade at a more stable environment. But, it is not up for us to decide. All we can do is to stay beside and watch as the markets keep losing points.

 

So, what is the situation like today? Well, Asian markets are still mixed with some gains seen across the region. Of course those assets which are gaining right now are nothing but a drop on the ocean as the world markets are dropping with risks, cause by COVID-19 are only growing. Safe havens are also coming under pressure today with investors coming battling their fears and doubts. At this point even the rises of the assets are considered a bad sign.

 

For example, Dow Jones grew 1000 points today. And what do the experts say about it? “A rise of 1,000 points in Dow is something you see only during a financial crisis. It is not a good sign,” said Tomoaki Shishido, senior fixed income strategist at Nomura Securities. When the groth becomes trouble, that’s when we know we are in a real crisis situation.

 

And that can be seen in the performance of all of the assets groups today. All of them – oil, precious metals, stocks. There is no a segment that can hide and escape the losses. And we have to be super careful about that.

 

Here are the changes for today:

 

Topix added 0.2 percent.

Kospi decreased 4.25 percent.

Shanghai Composite dropped 1.6 percent.

Hang Seng from Hong Kong decreased 3.6 percent.

S&P 500 futures shed 3.7 percent.

Euro dropped 1.35 percent - $1.101.

Pound dropped 1 percent - $1.2096.

Yen decreased 0.3 percent – 106.98 per dollar.

Canadian dollar lost 1.65 percent - $1.4222.

Tesla decreased 3.3 percent - $430.2.

Apple recovered 4.4 percent - $252.86.

Facebook grew 2.3 percent – $149.42.

Amazon increased 7 percent – $1807.84 per share.

Google is by 0.2 percent lighter - $1118.06.

WTI dropped 1.9 percent - $26.28 per barrel.

Brent lost 1.7 percent - $28.32 per barrel.

Gold dropped 1.4 percent - $1506.5 per ounce.

Silver shed 1.5 percent - $12.41 per ounce.

Platinum grew 0.1 percent – $656.27.

Palladium dropped 0.5 percent - $1634.65 per ounce.