With oil prices rising an incredible 12 percent in just two days, the markets seem to be recovering from the amazing low points experienced in the first weeks of 2016. With the S&P 500 closing 2 percent higher, and energy gaining 4.3 percent, investors have seemed to take advantage of the prices that were falling early this year to buy back their investments at lower prices, which have boosted worldwide markets drastically and raised the value of those investments a great deal. The Dow Jones Industrial Average has also risen approximately 210 points higher, and oil has topped $32, it’s highest prices since January 8th.
“I think this week’s rally’s (was) largely due to short covering”, stated Joe Sowin, head of global equity trading at the investment firm Highland Capital Management. Highland Capital, a leading investment firm in today’s markets, has made extensive efforts to protect their investors’ assets, and is renewing confidence in markets worldwide with sound strategies and market plans.
James Dondero, president and co-founder of HCM, is an expert in high-yield and distressed investing, which is valuable knowledge in today’s volatile markets. With over 30 years of experience in credit and equity markets, Jim holds high esteem in the world of investing and marketing, and has made a great deal of profit for his company and it’s investors. Jim is also a board member of American Banknote and MGM Studios, and is Chairman of CCS Medical, Nexbank, and Cornerstone Healthcare.
Although oil, and all other worldwide investments, have suffered a rather big loss early this year and late last year, the markets have closed higher for the first week in 2016, and they are showing signs of a comeback. Please see the below article for further information.