Stocks drop for a second day as oil wipeout continues

[Yo_Mama_Been_Loggin]

Stocks fell sharply again Tuesday as oil prices continued their unprecedented wipeout.

The Dow was down more than 500 points, or 2.4%, while the S&P 500 dropped 2.8% and the Nasdaq fell 2.9%.

Traders were focused on the strange happenings with oil futures once again, which raised concern about deep losses for the energy industry hitting the U.S. economy even further.

On Monday, the May contract for oil futures expiring Tuesday fell to zero and then went to an actual negative price, meaning producers would pay for someone to take the oil off their hands.

https://www.msn.com/en-us/money/markets/stocks-drop-for-a-second-day-as-oil-wipeout-continues/ar-BB12Td94?li=BBnbfcN

Trumponomics

[empedocles]

1. Another factor in the explanation of the Dow drop; is 'the bounce' from the DJ 18,000+ lows,

reached the sensitive 50% recovery level. From there the 2nd leg of the bear market may be beginning.

Gold is down $16, and silver down 4.5%, correlating deflation/contraction concerns.