Trump will probably nix the Iranian deal today, reducing US diplomacy to a hilarious farce. That being said, this should not make crude go higher. After all, what the fuck are we pricing in — nukes in Iran?
At $70 WTI, I like the prospects of lower crude in the immediate term, priced heavily in dollar terms — extra FAGLORD Gartman.
Markets are modestly lower. There is strength in biotech — but I have no interest.
All I want and require is sharply lower stock prices, especially in oil, gold, and semis.
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TBT looks ready again too
Fly, with all the banning from twitter, FB, etc., maybe you need to join the Intellectual Dark Web:
https://www.nytimes.com/2018/05/08/opinion/intellectual-dark-web.html
The market will reverse hard once it looks like we’re all clear. Probably around SPY 271.