Two very rare negatives happened this week.
First the May contracts for West Texas Intermediate crude oil price dropped to -$40 a barrel. Sellers were effectively paying buyers to take the oil off their hands since their hands were getting full with storage capacity reaching its limits.
The other rare negative was China’s GDP growth which was -6.8%. This is the first time this has happened for decades, ending a period of growth the world has not seen.
Things are expected to pick up though in the following quarters, but that will depend on another negative figure: The R0 figure. The measure of how infectious the Covid 19 virus is.
Unlike the other two measures, it the R0 stays negative that’s a good thing. As it gets lower the other unprecedented negative numbers will start going up again.