This bear market we are experiencing will continue without any doubts. The United States and Europe are just beginning to feel the coronavirus burn through its economy. American shale producers will have a nightmare scenario with oil's price tanking and production menacing to get a boost. On April 1st, OPEC+ quotas and reductions will deepen oil further affecting American shale even more.
The United States has a dreadful health system with expensive bills. Additionally, Trumps cuts to health and the CDC worsen the perspective of the coronavirus in the US.
Beware, the horizon is so bleak that the Federal Reserve may need to reduce interest rates to dangerous lows not seen since the financial crisis.
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