Market News and Commentary November 21

Oil Glut Worries Persist. Trump thanks Saudi Arabia for lower oil prices. Trump thanks Saudis for $54 oil, but says in Wednesday tweet, ‘let’s go lower.’ U.S. consumer sentiment deteriorates more than initially estimated in November. U.S. durable goods orders plunge 4.4% in October, much more than expected. Dozens of banks have exposure to GE’s $41B in credit lines.

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