Yep heard that idiotic foolish dribble of a sentence before..... Tax cut, haaaaaa for who? The middle class filling up their car once a week...and let's say they save a few bucks a week there retirement accounts are losing tens of thousands of dollars!!!! Oh and lower fuel prices means less demand and a slowing global economy with recession on the horizon and unemployment numbers ticking higher... Haha lower fuel acting as a tax cut...what a joke. So unbelievably false
This type and level of deflation is not something you want to see for a sustained period, considering how far down the path we went already, unless you're looking for some type of hard reset. Unless that's what you're looking for I don't see how lower fuel cost will out weigh all the negatives.
Yes. 2819 is limit down in march ES, currently 2823. https://www.cmegroup.com/trading/price-limits.html#equityIndex