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S&P 500
5,792.04
(
0.71%
)
US TECH 100
19,709.60
(
0.70%
)
Dow Jones
42,512.00
(
1.03%
)
Brent Oil
76.62
(
-0.94%
)
Bitcoin
60,745.34
(
-2.22%
)
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CJR_MS

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CJR_MS

Re: louieblouie post# 267828

Monday, 04/20/2020 2:18:10 PM

Monday, April 20, 2020 2:18:10 PM

Post# of 429450
This move has to do with oil option contracts and USO (ETF) needing to roll holders from front month to back month (April) then to front month (May) etc.

Markets are in contango! Sell inexpensive front month to buy expensive back month.

This contango probably won’t go away anytime soon (or its negative yield).

Cam
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