In case you somehow missed it, the market is focused on oil for now.
The reason? Oil prices plunged to below zero for the first time ever on Monday as storage tanks were nearly full amid a collapse in demand due to the coronavirus pandemic.
Oil contracts, which are set to expire Tuesday, settle in positive territory after President Donald Trump said his administration was working on a plan for funds to be made available for the oil industry.
“We will never let the great U.S. Oil & Gas Industry down,” Trump said in a tweet on Tuesday. “I have instructed the Secretary of Energy and Secretary of the Treasury to formulate a plan which will make funds available so that these very important companies and jobs will be secured long into the future!”
Chris Versace, Real Money contributor, joined TheStreet's Katherine Ross to weigh in on his thoughts about this market and how investors can focus in on what's impacting their portfolios.
And, oh, right, it's earnings season.
Watch the full video above for the earnings that Versace is watching, his advice for investors and his quick take on oil.
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