I just couldn’t help myself. The decline in WTI is now -10% and I got to thinking this steep decline would create the perception that inflation was abating and also induce retail spending to boom.
These assertions prevented me from remaining in cash and in favor of a large retail allocation. Because of this, I am now UP for the session.
The biggest movers are now found in biotech, SAAS, but also apparel, online retailers and department stores.
My best sense, markets rally on this COLLAPSE in crude. This is the type of drop that draws attention and its best not to overthink it.If you enjoy the content at iBankCoin, please follow us on Twitter