If you are wondering why Oil is down 8%…1. Oil is up because of a war.2. Trump has no political capital to keep that war…
If you are wondering why Oil is down 8%…
1. Oil is up because of a war.2. Trump has no political capital to keep that war going.3. The country shifted so far blue that they now have a mandate to end this war.4. If the war ends, even with refinery issues, oil prices will come down.5. If oil goes down, so does inflation. If inflation goes down…stocks benefit.The semis are down due to datacenter sentiment but the broader market seems to like this setup.Basically, arbitrary oil induced inflation seems to be coming to an end as even Trump last night acknowledged he wants to get a deal and Vance today said the Iran war was a mistake.Source: amit
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