Events over the weekend and today’s market movements destroyed the immediate pertinence of a Great Loan Refinancing Post … it will be even more timely after the dust settles on the current events…
More important now in our minds, knowledge of what is going on…
You will likely run into multiple stories today that may not tell the complete picture due to the 140 character world we all want to live in, so we wanted to clear the air and arm you with straight forward information.
Saudi Russian Tiff Leads to Spigot Opening
Over the weekend, last Saturday afternoon after an OPEC (Organization of Petroleum Export Countries) meeting where Russia stepped away from the meeting and the organizations policies …. Saudi officials announce a Shock and Awe spigot turn on and directly attacked certain Russian markets with even lower initial oil price sales… Here is a great Bloomberg Article that you should be able to read even without a subscription (3 free reads a month) …
Key Takeaways:
- Overzealous Egos know no barriers (Not kidding)
- Lower Oil Prices will seep into your life and pocket book in the form of savings
- This has nothing to do with the Corona Virus
- Markets will be jittery because of the prior point fear
Corona Virus Update
Donald the Brain located the best comprehensive dashboard site (may need patience as many are sharing this wonderful site, putting pressure on the page) I have seen, this is from Johns Hopkins University …. feel free to move the center globe around to your location and see just exactly how many cases are near… (likely not as many as you think)
Here is a fantastic chart from the dashboard that shows a high level picture of the Virus outbreaks, but also the recovered…
- Looks like China has a handle on this already…(Top line)
- New location Ex China virus confirmations may already be topping (Bottom line)
- Recoveries are accelerating, exactly what you want to see (Middle line)
I know some of the headlines are frightening and the market movements are fast today triggered by some big Ego’s…go figure!
Hopefully this clarity will help you, should you run into something that may lead you down a different path!
Unknowns eventually become knows, and clarity is found!
Have a Great “Now You Know” Day!
John A. Kvale CFA, CFP
$treet-¢ents 
Updated Market Thoughts and Two Corona Resources … Spring Break …Office Hours Next Week
While we have fun in our writings here, the real reason for this venue is for times like now!
Over the recent week there have been a number of events occurring that are causing Capital Market jitters…. here are our updated candid, serious, thoughts.
Market Update and Corona Resources
The cancellation of most sporting and almost any other group events has sent chills down many, and has filtered into the Capital Market movement –
“Cancellation of almost all sporting and group events!”
“Capital Markets are really jumping around, and have dropped in value!”
Our Best Corona Resources
In keeping you on point two above, we feel it is important you stay informed… as such we have the following two best of the best websites for Corona Virus Tracking…
Johns Hopkins Dashboard – Mentioned earlier- This is great for tracking specific geographic areas and we are closely monitoring the chart in the far right lower corner for a leveling of growth… this site is updated less frequently but daily at least
Worldometer Corona Tracker – This is updated constantly and give you an almost live feed of information, although not as pretty format as the above…
Blending these two will give you a good, comprehensive view of what it going on… IF YOU WANT TO FIND OUT… all of us may not!
We have no idea how long this will last and we have no idea what Capital Markets will do… no one does at this time.
In time, this will pass… when the all clear bell rings, Capital Markets will likely be much higher as relief is priced in quickly!
Careful on your reading or listening in-take… the most EXTREME predictions tend to make the headlines!
Office Hours and Spring Break
Accomplishments for the year continue as next week is Spring Break for the school bound 12 year old, who was also part of the early year goal to spend more time….
Careful when you give them the go ahead on Spring Break Wishes…grrrr
Current the two of us are out of town, in a warmer place that would accommodate the two dogs… with other family members arriving soon.
We will be in and out of the office next week, but fortunately have good Wifi in our location!
Sorry for the HEAVY post today, but wanting to give you our best and candid thoughts!
Have a Great Friday!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
jkfinancialinc
street-cents
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Posted in Investing/Financial Planning, John Kvale, Market Comments, Personal
Tagged Corona Virus, Fight or Flight, Johns Hopkins, Worldometer