Oil's Tumble Carries Serious Implications for the Likes of the S&P 500, EURUSD

Oil's Tumble Carries Serious Implications for the Likes of the S&P 500, EURUSD

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S&P 500, Crude Oil, Shanghai Composite Talking Points:

• Risk trends were in retreat this past session with a particular loss of altitude during US session hours
• Crude oil suffered an acute collapse Monday with an unprecedented slide into negative prices for the active WTI contract with lasting growth implications
• Standard economic listings present less pressing risk through the immediate future as systemic threats like reinforcement of recession set in

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