I’ve been observing the CL algo nonsense for a long time, so I’m not easily shocked by the ludicrous goings-on there. This past week has truly set for records for ludicrous-ness (with apologies to Mrs. Seine, my 10th grade English teacher.)
What’s my forecast for oil? Whatever price is necessary to keep stock prices rising. And, after USDJPY’s dismal showing last night, it’s more necessary than ever.
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