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The Market Remains Steady as Oil Futures Slip into the Red | RFG Advisory Market Commentary

April 21, 2020

U.S. Markets seem to be leveling off in the short-term, as the S&P 500 hovers at around 2800 mark, however, the string of effects associated with the Coronavirus Pandemic can still be felt within many other markets, like commodities (physical goods). As we saw yesterday, the May Oil Futures were trading in the red as those contracts reach their expiry dates, which is leaving a lot of speculators with a lot of oil, less cash, and no place to store it. In this update, RFG Advisory CIO Rick Wedell discusses why it is important to be aware of how certain markets work, what risks you might incur, and why professional help can be integral in making the most out of this market cycle.

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