Because They Can Can Can

Watching the “market” melt up and bonds barely budge in the face of all-time highs in the monthly and annual PPI print…  More grist for the Fed’s “transitory” inflation scenario. Inflation is no longer dominated solely by soaring oil/gas prices.  In other words, not transitory.Will the party end? Not as long as the Fed can … continue reading →

OPEC: Will They or Won’t They?

OPEC+ is expected to increase production by another 400,000 bpd in today’s meeting, another dagger in the heart of the stubborn oil/gas rally. Of course, at this juncture, CL can backtest its SMA200 without even making a lower low. So, perhaps a pullback will finally be allowed. Given how important rising oil/gas prices have been … continue reading →