Trading Justice 369: The Oil Contango and Negative Prices

In this episode, we examine the recent market conditions across stocks, commodities and currencies.  Stocks have rallied the last few weeks on the backdrop of Government Stimulus, Federal Reserve QE programs and general optimism.  But, Oil has been volatile and in the May contract went negative pricing in the futures market.  Are we in a market recovering, on one cratering just waiting to go lower?  Listen in as we discuss all of the themes across financial markets.

During our feature, we discuss the recent volatility in Oil and the contango that has developed in the futures market.  In the first time in the history of oil, the WTI contract traded for negative prices, moving all the way to -$40 per barrel on the May contract.  What does it mean moving forward?  Well, we don't know, but we're willing to dive in and give the best analysis we can in these crazy times.  Listen in.

Lastly, we play a game of buy or sell during a segment where coach Mark pitches companies to the coaches and asks 'would you buy at a deep discount?'  We have some fun making some guesses about future price action during this segment.