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Tuesday morning, U.S. Fed Chair Jerome Powell cut U.S. interest rates by 50 basis points in a rare emergency move. His announcement surprised some. The last such move came during the Recession a decade ago under far more dire circumstances. Markets initially responded Tuesday by spiking, but that euphoria lasted 15 minutes then markets began their day-long slide, particular in New York.<\/p>\n
In all, the Dow swung nearly 1,300 points Tuesday, the VIX soared 26%, and all New York indices returned to correction territory, closing nearly -3%. Microsoft<\/a>, for example, swung between $162 and 175, eventually shedding 4.79%. The U.S. 10-year fell below 1%. As expected, gold rallied 3%, WTI oil rose 1.35%, and WCS gained nearly that much.<\/p>\n Supported by gold, the TSX stayed positive for much of the day and closed only 0.46% down. Osisko Mining<\/a> and Oceanagold<\/a> both rallied over 12%. Other safe havens like consumer staples increased over 2% while utilities like Algonquin Power<\/a> rose nearly 3%. No doubt about it: Tuesday was one of the rockiest sessions of 2020 so far and will later be read as a prudent or panic move. Regardless, street consensus says that this volatility will continue until the coronavirus eventually subsides worldwide. At least it’s starting to in China.<\/p>\n Ⓜ Microsoft<\/a> -4.78% This week, you missed Past Top Picks comments by James Hodgins including Cipher Pharmeuticals (A Top Pick Nov 27\/18, Down 44%) Get Premium to receive all past top picks opinions a few hours before market open. Tuesday morning, U.S. Fed […]<\/p>\n","protected":false},"author":12,"featured_media":345019,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"cwp_meta_box_check":"No","cwp_rev_product_name":"","cwp_rev_product_image":"","wppr_links":[],"cwp_rev_price":"","wppr_options":[],"wppr_pros":[],"wppr_cons":[],"footnotes":""},"categories":[178],"tags":[],"class_list":["post-151227","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/151227","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=151227"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/151227\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/345019"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=151227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=151227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=151227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n👑 Osisko Mining Inc<\/a> +12%
\n🥇 Oceanagold Corp<\/a> +12%
\n♻ Algonquin Power & Utilities Corp<\/a> +3%<\/p>\n","protected":false},"excerpt":{"rendered":"