Investment thesis. Global equity markets made strong moves this week based on the strength and size of the fiscal and monetary stimulus along with the belief that we're nearing a contagion peak. However, investors haven't seen the actual economic numbers yet; wait for the markets to survive the onslaught of bearish data before making a move in the international arena.
The world oil market is close to a deal on a production cut:
The Organization of the Petroleum Exporting Countries, Russia and other countries reached a tentative agreement on Thursday to temporarily cut production.