Futures are higher and the peasants are being overrun by leather whips, lashes to the face and chin.
With the ‘historic’ Iranian peace accord (ack, ack, ack) Brent crude should underperform, as it is likely that fresh Brent supplies will make it to the world stage soon enough. If that’s the case, you want to avoid US refinery stocks, until the spread ‘normalizes.’ In general, however, the perverts in DC will never let crude drop below $85, as it’s against their best interest to do so. Therefore, any dip in oil stocks due to this marvelous peace deal should be bought.
As a matter of fact, everything should be bought, sans the stocks that are heading into earnings. You want to avoid reality as much as possible. Live inside of the Matrix, become and actor, someone important; live in Australia. But, by no means should you ever live in the real world and have to deal with the consequences of an earnings miss.
Once earnings are out of the way, we can live on Fantasy Island again, throw Hawaiian flowers at one another, get drunk and buy stocks.
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