Crude Oil Plunges 5 % Big Money Begins Discounting Growth
Crude Oil Futures Basis July 2019
plunged over 5 % today, in one of the sharpest losses
in the energy pit in the last year.
Certainly the equity market selloff factored into the big money energy liquidation today
Also adding to the selling pressure , stops hit on the break of $60 crude,which caused yet another move down.
When both the crude oil,and the stock market fall this suddenly and sharply
that double barreled combination should tell you that
big money sees something coming on the horizon later this year, that will cause the growth cycle to pause,
as trade tariffs add additional and unexpected costs to goods purchased worldwide,
with that realization beginning to take hold in big money liquidation here at home.
Add to that interest rates falling again to near a 2019 low, with an inverted yield back on full display,
and signs of a pending economic slowdown seem to be everywhere you look.
Thus, big money discounting, of future economic growth has already begun.
THE_UNWIND
5/23/19
NEW YORK
plunged over 5 % today, in one of the sharpest losses
in the energy pit in the last year.
Certainly the equity market selloff factored into the big money energy liquidation today
Also adding to the selling pressure , stops hit on the break of $60 crude,which caused yet another move down.
When both the crude oil,and the stock market fall this suddenly and sharply
that double barreled combination should tell you that
big money sees something coming on the horizon later this year, that will cause the growth cycle to pause,
as trade tariffs add additional and unexpected costs to goods purchased worldwide,
with that realization beginning to take hold in big money liquidation here at home.
Add to that interest rates falling again to near a 2019 low, with an inverted yield back on full display,
and signs of a pending economic slowdown seem to be everywhere you look.
Thus, big money discounting, of future economic growth has already begun.
THE_UNWIND
5/23/19
NEW YORK