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Stock impact report

Markets are a mess but diversified portfolios should be OK ... unless this one thing happens [Toronto Globe and Mail (Ontario, Canada)]

Diamond Hill Investment Group, Inc. - Class A (DHIL) 
US:NASDAQ Investor Relations: ir.diamond-hill.com
Markets are a mess but diversified portfolios should be OK ... unless this one thing happens Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow Global markets have been an absolute gong show since Asian futures trading opened Sunday night. Saudi Arabia, unable to cut a deal with Russia to curb OPEC oil production, retaliated by announcing they would flood markets with cheap crude. Global energy companies were already faced with year over year declines in demand according to the International Energy Agency, so oil prices promptly cratered 30 per cent when trading began. The selling spread throughout markets – the S&P 500 futures contract halted trading after falling the maximum 5 per cent. At time of writing (roughly 7:00 a.m. ET) , S&P 500 futures indicate a 145 point drop (4.9 per cent) at the North American open and WTI crude is trading at US$32.42, down $8.85 or 21.4 per cent. Goldman Sachs thinks this crude sell-off will be worse than Show less Read more
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