Photo: David Kastner

David Kastner

CFA®, Managing Director – Senior Investment Strategist – Charles Schwab Investment Advisory

David Kastner has been with Charles Schwab & Co. since 1997, serving as the head of the Schwab Center for Financial Research – Market Analysis Group, as well as the Senior Portfolio Manager and chair of the Investment Committee for Schwab Managed Portfolios™ – ETFs.  In these roles, he has been responsible for market and economic research, tactical asset allocation, ETF selection and investment risk management.  Before joining Schwab, Kastner was in banking and futures trading after earning a bachelor's degree in economics from the University of Kansas. He is a Chartered Financial Analyst (CFA®) charter holder.

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Market Commentary

Demand is down, and U.S. oil storage facilities are near capacity.