5 March 2019

1) Shale oil companies are adding even more new wells, but that is threatening the future of the US oil boom. Their strategy of drilling more wells chose to old wells has backfired because the new wells not only have lower outputs than the old wells, but the production of the old wells also declines.

2) Again, there are reports that the US-China trade talks are still progressing well and soon may end with an agreement to end the trade war tariffs.

3) 4 MAR 19   Stock market closings:

Dow             25,819.65    down    206.67
Nasdaq          7,577.57    down      17.79
S&P 500         2,792.81    down      10.88

10 Year Yield:    down   at    2.72%

Oil:    down   at    $56.45

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