That's what I mean. If we have $200 oil the Fed can't raise rates as easily. Part of raising rates is cooling the economy. $200 oil will have that effect.
Gonna be ugly tomorrow
- Thread starter yank_my doodleitsadandy
- Start date
That's what I mean. If we have $200 oil the Fed can't raise rates as easily. Part of raising rates is cooling the economy. $200 oil will have that effect.
Remember they blamed President Donald Trump and accused him to trying to influence the Ukrainian President when it was Joe Biden who threatened to withhold US aid to Ukraine if the prosecutor investigating his son was not fired? Prosecutor was fired at Joe Biden's urging. Take note, Joe and Hunter Biden was not even investigated by the FBI or DOJ? Why?
Oil has pulled back to $121 a barrel. This might be some profit taking and factoring in Russia's demands to end the war. Annexation of Crimea by Russia, declaring Donbass and Luhansk as independent states, Ukraine declares neutrality and not joining any bloc, including NATO. Market might be reacting, thinking that the war could end. I sold some positions last week due to the charts showing slowing momentum. Inflationary pressures are still there, depending on what they do with Russian oil. Europe has objected to cutting Russian oil totally. So, it is just the US who will do it. That is probably, why oil pulled back too. An outright ban on Russian oil will spike the oil and commodity markets big time.
The traders on the floor yanked your doodleitsadandy,
Do the floor traders still exist?
I think it was the 'algos' that might of been the ones doing the yanking