5 charts from the past week that tell an interesting story in markets and investing.
1. A Turn for the Better in Hard-hit Italy 🙏
Italy has reported an average of 4,428 new COVID-19 cases over the last 5 days, the lowest 5-day average since March 15-19. Hoping and praying this continues…
2. Crude Oil Bounces
Record volatility in Crude Oil continues, with the largest 1-day and 2-day spikes in history (+24.7%, +39.5%).
3. COVID-19 by State
Population density seems to be one factor in explaining the large variance in % of positive tests…
4. Gas Below $2.00
Gasoline prices in the US (national average) move below $2.00/gallon for the first time in 4 years.
5. A Wave of Easing.
Central banks cutting rates in March (click for full list)…
Central Bank Rate Cuts in March (in bps)…
— Charlie Bilello (@charliebilello) March 31, 2020
Argentina: -200
CzechRepublic: -175
US: -150
Canada: -150
Saudi Arabia: -125
Norway: -125
Turkey: -100
Vietnam: -100
S. Africa: -100
Australia: -75
India: -75
UK: -65
Hong Kong: -64
S. Korea: -50
Mexico: -50
Brazil: -50
Philippines: -50
And that’s it for this week. Thanks for reading.
Have a great weekend everyone!
-Charlie
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