Monday, March 11, 2019

The Market: For The Archives -- March 11, 2019

Disclaimer: this is not an investment site. Do not make any investment, financial, travel, job, or relationship decisions based on what you read here or think you may have read here.

Dow: plummets. Boeing. Ethiopia. 737 MAX 8. 157 people killed. Southwest Airlines. FAA warning/oversight. Spirit Airlines flies Airbus. Data points:
  • Boeing closed at $422.54 on Friday, before the crash
  • Boeing, in early trading, first trading day after the crash: $386
  • the 737 MAX 8: one of Boeing's top selling planes
WTI: $56.57. Supposedly oil prices "rose" because of reports that Saudi Arabia plans to curb exports in April. We'll see. 

How irrelevant is Venezuela? Over the weekend, apparently "all" oil production/export activities stopped due to country-wide electricity blackouts.
  • WTI: up 55 cents/bbl
  • Brent crude: up 64 cents
  • OPEC basket: up 53 cents
  • inconsequential. period. dot.

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