Risk-off dynamics accelerate as Chinese coronavirus worsen
Risk-off sentiment is spreading as investors react to the news from China that the coronavirus is now transmitting human-to-human resurfacing images of SARS from 2003.
The oil and gas industry desperately needs higher prices
Restructurings and potential defaults are getting more pronounced in the energy sector as the debt leverage and low prices have reached its breaking point. The industry desperately needs higher prices to become sustainable from an equity investor perspective.