All of this awesome bullish dollar action has The House of Saud shitting their pants. WTI is down again, off by 1.5%, to 3 month lows — in spite of the fact that copper is soaring and economic prosperity has returned to the world, with the election of Donald Trump.
Bear in mind, our beloved oil industry will be needing to refinance a boatload of debt in 2017. This late year drop in prices doesn’t exactly make financing easy for them.
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DecJan we’ll see a bottem
This is the beginning of the end for crude.
wonder how this will affect Saudi budgets now? maybe production cut is forthcoming.
God I hope not.
The stock market is setting up for its best (and easiest) strategy.
On January 20 when a new president is sworn in: If he is a Dem
buy with both hands. If a Republican. SELL EVERYTHING.
That’s all there is to it. No need to do any other trading!
Nor does the rise in yields lately help the oil industry; a punch in the face and a kick in the groin
Reality is dawning in ameruca.
Short the fuck out tech.