This chart from MarketWatch shows the performance of Crude Oil WTI (NYM $/bbl) Front Month contract, updated as of June 7, 2020. Now let's review price, sentiment, and valuation for June 2020.
Monday, June 8, 2020
June Market Update - Temporary Euphoria
The S&P 500 gained 4.53% in May 2020, ending at 3,044.31. YTD through May 31, the S&P 500 is down 5.77%. Financial conditions have changed considerably since the March low. Fiscal and monetary support have contributed to a spike in U.S. large cap stocks. The chart below highlights the performance of WTI crude. It provides an example, one of many, showing the volatility investors have recently experienced:
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