Today only, Happy St-Patrick\u2019s Day! Sign Up for Stockchase Premium and get 15 months for the price of 12.<\/p>\n
Due to the coronavirus and global market situation, we won\u2019t publish new opinions or top picks in the next few days. Hopefully, stock opinions we will be back after March 30th. In the meantime, we will keep you updated with daily market updates.<\/p>\n
It was another Black Monday. Investors knew the session would be a bloodbath when the U.S. Fed’s Jerome Powell on Sunday slashed interest rates<\/a> to nearly 0% and would buy US$700 in treasury and mortgage bonds. Immediately, Dow futures plunged, automatically paused at -5% as the futures’ “circuit breaker” kicked in. Second’s after Monday’s opening bell, Wall Street’s own circuit breakers halted trading as the market sank.<\/p>\n By the closing bell, the Dow had suffered its worst one-day loss, down 12.93%, while the Nasdaq and S&P fell slightly below that. Clearly, Trump was the only one who was “happy” with the Fed’s latest measures, intended to ease investors’ concerns. Meanwhile, WTI fell below $29, and WCS slipped below $15 as the Saudi-Russian oil war rages on. There was heavy selling across the board. Travel and airlines continued to get crushed, with Boeing<\/a> plummeting almost 24%. It’s a sign of the times when a tech giant like Amazon<\/a> has a good day when it sheds only 5.37%.<\/p>\n The TSX suffered a relatively better Monday, falling 9.89%. Every sector except materials and consumer staples suffered double-digit percentage losses with hardly any names spared. Staples lost only 6.73%. Anything to do with ✈ Boeing<\/a> -24% Today only, Happy St-Patrick\u2019s Day! Sign Up for Stockchase Premium and get 15 months for the price of 12. Announcement Due to the coronavirus and global market situation, we won\u2019t publish new opinions or top picks in the next few […]<\/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-154382","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\/154382","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=154382"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/154382\/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=154382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=154382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=154382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\ngold shone, as investors flocked to safety. Alamos Gold<\/a> soared nearly 21% while Sandstorm Gold<\/a> spiked 17.64%. It was a day full of announcements of new government measures<\/a> to restrict human activity with news pouring in constantly.<\/p>\n
\n📦 Amazon.com<\/a> +5.37%
\n🥇 Alamos Gold Inc<\/a> +21%
\n🥇 Sandstorm Gold Ltd.<\/a> +17.64%<\/p>\n","protected":false},"excerpt":{"rendered":"