ECB surprise and the psychology of sliding oil prices
In this week’s video update:
- How did markets react after the European Central Bank (ECB) surprised markets and announced that it may end interest rate cuts?
- Has oil finally reached the light at the end of its long, dark tunnel, with prices sliding as low as they can go?
- Draghi surprised the markets this week, should investors also expect ‘fireworks’ during the Bank of Japan (BOJ) and Fed meetings next week?
Director, Client Investment Strategies Mark Eibel joins host Blair Lowman on this week’s Market Week in Review update to discuss how the markets reacted to the European Central Bank’s larger-than-expected stimulus package after ECB President Mario Draghi took another bold step and signaled an end to rate cuts this week.
Eibel then discusses the investor psychology that may be driving oil prices to new lows and what we could possibly expect from next week’s Fed and BoJ meetings.