Ann: March 2020 Quarterly Report, page-6

Did SXY management not make a similar announcement on the 11/3? Market hasn't factored that in already?

So the quarterly confirms what management had announced a month previous.

Oil did not do well last night, Trump has manipulated the Oil markets via Twitter with his laughable 20 million barrel per day reduction claim that in his words was absolute "fake news" and the price of the commodity has continued to slide.

I maintain my view that economic fundamentals do not look great and will not look great for an extended period of time. I believe there is much more down side risk in this sector and SXY is not immune.