Daily Report

Fed drop target rate by 0.75% to 0.25%, very close to Japan's 0.2%. The drop boost broad market.

Shipping companies were apparently oversold and did very well in the last week, Drys rebound from $3 to $11, unfortunately, I bought it at $30+.

Since crude oil price drops, a lot of oil companies oil reserve become uneconomical. This will affect company valuation. More important, for companies use their reserve as collateral for loan, it post credit threats.

Also offshore deep sea is expensive and needs high oil price to be economic, so it'll be hit harder!