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‘Ahhhh, A Tail’: Nomura’s McElligott Delivers Quick Thoughts Following Geopolitical Earthquake
"Ahhhh, a tail", Nomura's Charlie McElligott wrote Friday morning, in a brief note that takes a look at key levels now that things are "moving" following a geopolitical earthquake of epic proportions.
Crude is obviously soaring in the wake of Donald Trump's decision to assassinate Qassem Soleimani, the most powerful general in the Mideast and the second-most powerful man in Iran.
Brent surged as much as 4.4%, while WTI is up more than 3.5%.
"Crude now +3.8% (Gasoline +3.5%) following the US
So true, w/ Icarus Rump “it’s never safe to assume things can’t get any more tumultuous.” His 1/3/2020 ~855am tweets help illuminate the possibilities.