This is the fight for the free world and for the ideology. Biden is asking the unity. So basically he is asking all Americans endure the high prices for a while, and he is going to bring down the tyrant Putin...... But no nukes. Sanctions only.
I thought they were going to give the federal reserve an excuse to keep rates at 0% or better yet push them back to 0% and eventually negative. This is what happens when you wait to long and gove wallstreet what it wants. Right now the fed funds rate should be between 4-5%, but nope they wanted to keep the game going and inflate the fu$k out of asset prices by literally printing trillions and trillions of dollars and saying here you go wallstreet, enjoy. And that's what they did, they enjoyed every bit of those free trillions but now we have what they call transitory inflation. Yes the fed says it's transitory inflation because why not. What else would they call it in their own dictionary of words and phrases. And here we are with rising goods and services outpacing incomes all while the fed waits until a March meeting to maybe raise rates, but we all know the fed is still going to give everything and anything wallstreet wants!!!
Parabolic oil moves only mean one thing. And that is a significant collapse. Don't be surprised if oil moves to 125 135 150 175 or even 200+ it won't last very long as it will severely hinder consumers and world economies. Then it will collapse dropping more than 50% in a very short time period, by then will be in a recession all because the fed was too afraid to raise rates when they should have years ago.
You're clueless. You said all energy was a "crowded traded" at much, much lower levels. And since then you keep repeating your usual whiny bs when you are wrong in a spectacular fashion. This is not some sudden spike WTI has been trending up for almost 2 years.
All this mess started years ago, when they convinced Ukraine to give up its nuclear arsenal. In turn, the US, UK, Russia, France and China only provided security guarantees. Now, what they should have done is made Ukraine an automatic NATO member to put teeth into that agreement. Then, this war would have been averted. Russia would not have invaded Ukraine. https://en.wikipedia.org/wiki/Nuclear_weapons_and_Ukraine
It wasn't even a crowded trade at the time; there wasn't a massive move to buy Oil stocks when WTI was $60. One of the beautiful things about Cdn energy stocks for more then a year was it was actually often a play against sentiment despite very bullish fundamentals.
%% True; yesterday. I 've had plenty of resting orders in for UPRO, SPXL, TQQQ..... in years past......................... Not so much buying below 200dma; except inverses............ Even a monthly topping tail candle chart may not mean much with a strong trend.Cant really predict crude, few saw it would be worth less than zero sometime\LOL Actually i was under the impression it was planned for .25[NOT crude , but fed rate hike /LOL] I checked the internet news \most banks forcasted .25. But with C\citigroup forecasting.50 that may be the best reason for .25\LOL