Plunging Oil Price Trigger Market Sell Off油价暴跌引发市场抛售

Due to chaos in WTI crude oil trading, major us stock indexes trading sharply down at the open. Dow  at one point was down over 600 points , it  bounced back to down only 350 points, and has now turning back down towards low. The weakest among the 3 major indexes is the Nasdaq Composite which has been outperforming in recent days.  This is negative as investors are selling strength. Amazon (AMZN) has turned negative from morning high even though its price target was raised to 2800 a share and 3 year target to 4000 by analyst. June WTI crude oil future is trading down over 24% to below 15.5 per barrel. 30 year Treasury Bond is up  over 1.04% indicating capital is flowing out of stocks into Treasuries. Technically, after rallying around 30% from their March 23 lows, the Dow, SP500 and Nasdaq composite failed to move above their resistances at 24100, 2880 and 8700 respectively. A long due market pull back starts. Near term support levels for major indexes are Dow 22500, 21700, SP500 2650, 2600, and Nasdaq Composite 8240, 7860.

。Latest world and US virus statistics：

Global cases: More than 2,479,498
Global deaths: At least 170,322
US cases: More than 790,480
US deaths: At least 42,214
US new cases:25,715
Russia cases: More than 47121
Russia deaths: 405
Russia new cases: 4268

。Recent signs suggest that the lockdowns have worked to flatten the curve: In the US, daily new cases are down 33% from the peak 10 days ago. 6% of the US counties have reported zero new cases in the past 7 days. And 7 states have announced plans to start reopening in the next two weeks, equivalent to roughly one-fifth of GDP. Speaking on "Squawk Box" Tuesday morning, former FDA Director Scott Gottlieb said "it might be possible" that 1 million people have been exposed to the virus in metro New York (meaning NYC alone; that's roughly 1/9 people), the latest suggestion that the US mortality rate is much lower than the official numbers reflect-one more reason for governors to move ahead with reopening. --- Zero Hedge

。Senate Minority Leader Chuck Schumer says a deal on a new stimulus plan aimed at small businesses has been reached, and he expects passage today. Included in the bill is a national testing strategy. Not included is any money for state and local governments. Chatter from the other side of the aisle suggests there's work to be done, however.---Seeking alpha

。May WTI crude contracts (that expire today) crashed into negative territory for the first time ever on Monday, with markets awash in so much crude that storage space is becoming harder to find. Demand is down 30% worldwide amid travel restrictions and lockdowns to contain the spread of the coronavirus, while output cuts from the world's largest producers came too late to the show. Hopes that things would fare better today have now been dashed, with WTI contracts for June tumbling as much as 42% overnight to $ 11.89 / bbl. --- Wall Street Btreakfast

。Jefferies analyst Brent Thill raises Amazon's (NASDAQ: AMZN) price target from $ 2,300 to the Street-high $ 2,800, citing the "attractive growth- adjusted valuation and upside to forward profit estimates." The analyst sees the coronavirus-related demand surge creating long-term operating income upside at high-margin businesses. Thill writes that a sum-of-the-parts analysis shows a 70% upside over three years, and the analyst sees a path to AMZN trading at $ 4,000. Jefferies maintains Amazon as its top large-cap pick. --- Seeking Alpha

。IBM (NYSE: IBM) returns to its pattern of revenue misses in the March 31-ending period and beats on EPS. The company pulls its full-year outlook, citing the coronavirus pandemic.

。Coca-Cola (NYSE: KO): Q1 Non-GAAP EPS of $ 0.51 beats by $ 0.07; GAAP EPS of $ 0.64 beats by $ 0.20. Revenue of $ 8.6B (-1.0% Y / Y) beats by $ 280M. Company says demand in April has been weakened by coronavirus pandemic, volume off 25% so far this month. The global beverage company withdrew its 2020 outlook in March.





由于WTI原油期货交易混乱，美国主要股指在开盘时急剧下跌。 道琼斯指数一度下跌超过600点，曾经反弹到仅下跌350点后，现在在跌向低处。 纳斯达克综合指数是三大主要指数中表现最差，该指数最近几天的表现一直不俗。 这种情况是不利的，因为投资者正在抛售强势股。 亚马逊（AMZN）从早盘高位转为负面，尽管分析师将其目标股价提高至2800美元，而3年目标价至4000。 6月WTI原油期货下跌超过24％，至每桶15.5以下。 30年期美国国债上涨超过1.04％，表明资本正从股市中流出而进入国债。 技术上，道指，SP500和纳斯达克综合指数从3月23日的低点反弹约30％后，未能分别突破其阻力位24100、2880和8700。 等待已久的市场回调开始。 主要指数的近期支撑位是道琼斯22500、21700，SP500 2650、2600和纳斯达克综合指数8240、7860。

。最新世界和美国病毒统计：

全球案例：超过2,479,498
全球死亡人数：至少170,322
美国案件：超过790,480
美国死亡人数：至少42,214
美国新案例：至少25,715
俄罗斯案件：超过47121
俄罗斯死亡人数：至少405
俄罗斯新案件：至少4268

。最近的迹象表明，锁定措施已经使病例曲线趋于平缓：在美国，每天的新病例比10天前的高峰下降了33％。在过去7天中，有6％的美国县报告了零新病例。 7个州已经宣布计划在未来两周内重新开放，大约相当于五分之一GDP。前食品药品监督管理局局长斯科特·戈特利布（Scott Gottlieb）在星期二的“ Squawk Box”上说，“有可能”有100万人暴露于纽约大都会区（仅纽约市；大约是1/9人）。美国的死亡率远低于官方数字的建议反映了州长继续开放的另一个原因。---ZeroHedge

。参议院少数党领袖查克·舒默（Chuck Schumer）说，一项针对小型企业的新刺激计划的协议已经达成，他希望今天能通过。该法案包括一项国家测试策略。不包括州和地方政府的任何款项。但是，反对党暗示还有工作要做。

。5月WTI原油期货合约（今天到期）周一首次跌至低于0，市场上充斥着太多的原油，以至于很难找到存储空间。由于旅行限制和封锁以遏制冠状病毒的传播，全球需求量下降了30％，而全球最大生产商的减产来说为时已晚。希望今天情况会变得更好的希望现在破灭了，因为6月份WTI合约隔夜暴跌了42％，至11.89美元/桶。 ---Wall Street Breakfast

。杰富瑞（Jefferies）分析师布伦特·希尔（Brent Thill）将亚马逊（AMZN）的价格目标从2300美元上调至市场最高的2800美元，理由是“经过调整的有吸引力的估值以及预测利润的上行空间”。分析师认为，与冠状病毒相关的需求激增，将给高利润企业带来长期的营业收入增长。 Thill写道，分项加总分析显示，三年内会上涨70％，分析师认为AMZN的交易价格会到达4,000美元。杰弗瑞斯（Jefferies）维持亚马逊为其首选大盘股。 ---Seeking Alpha

。IBM（IBM）在3月31日结束的季度中，其收入未达预期，盈利则高于预期。该公司以冠状病毒大流行为由，对全年业绩预期不作估计。

。可口可乐（KO）：第一季度非公认会计准则每股收益为0.51美元，好于预期0.07美元; GAAP每股收益为0.64美元，好于预期0.20美元。 $ 8.6B（-1.0％Y / Y）的收入超过预期$ 280M。该公司表示，四月份的需求已被冠状病毒大流行削弱，本月迄今的销量下降了25％。这家全球饮料公司于三月分时撤回了其2020年展望。