04-03-20 The President making a deal with Russia to cooperate with Saudi Arabia to cut 10 mbd of Oil (10% of global output) – confirmation due by next week. Oil prices have jumped from 22 to $28/barrel with potential for the low 30’s max (under $23 erases supply cut boost)….
04-01-20 Energy continues to threaten panic breakdown with massive glut & lack of storage growing. Beans & Corn threatening breakdowns. Trader model is setting up for Sells. 03-19-20 Most of our trades this year are Sells, in line with the deflationary effect of the COVID-19 pandemic slowing the world economy….
As the COVID-19 epidemic in China crept into the headlines in early January, the economic uncertainty sent Oil down a modest $10/barrel into the $50’s. When the virus broke out in Europe and the US in late February, the evolving pandemic finally rang alarm bells and crushed Oil consumption forecasts,…
Like a balloon under water, the stock market zoomed higher on unmanned algorithmic trading by 20% this past week on a trifecta of Monetary, Fiscal and Executive actions indicating our economy will not be allowed to fail. The first salvo was fired by the Federal Reserve Bank on March 22nd…
There are lies, damn lies and statistics, as the saying goes. Regarding China, the data implies they have lied about their statistics, yet there is evidence the COVID crisis in China is indeed mostly over as they claim. It’s inconceivable that a country of 1.4 Billion people who waited almost…
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