Qatar’s International Reserves Just Plunged 30% In One Month
Well that escalated quickly.
Well that escalated quickly.
Ok, well this was an interesting week…
I need to know (immediately, if possible), if you are excited about crude. Because some
“…at the turn of the tide.”
“Investors should not interpret this as a sign of quiet trading in the summer and muted price moves ahead. Instead, we view this as a good opportunity to add to their long exposure with cheap optionality, especially with global oil inventories continuing to tighten and geopolitics heating up again.”
“While OPEC’s production path remains uncertain, recent fundamental oil data have come in even better than we had expected.”
So “dovish” it was, or at least “dovish” was the market’s read on the Fed
“Tuesday evening’s API data served to embolden bulls further and all that was missing was this morning’s EIA print to confirm things. Well, here it is.”
Listen, people are super excited about crude. On Tuesday afternoon, we got the latest API
“We think the timing would be good for investors too to remember to what they owe their improvement in fortunes”…
“History has shown that attempting this type of timing has rarely succeeded.”
“Can’t trust that day”…
“In our view, the bar remains high for oil prices to become the main directional driver of HY spreads but the risk has risen.”
“I’m surprised that people didn’t already expect higher OPEC output.”
Thursday was all about people who might have gotten away with murder…
And so, having been given a (probably temporary reprieve) and a new lease on life, the bulls have managed to drive Brent above $50 for the first time since June 7 on Thursday.
“And that fake news and hacking? Yeah, he did all that. But none of it would have had any chance of working if we didn’t have millions of silly, hateful voters that were susceptible to believing all the nonsensical bullshit.”
Netflix, Goldman, “own dick eating,” a failed healthcare bill, dollar doldrums, and so much more…
“Each month something seems to come along to raise doubts about the pace of the rebalancing process.”
“To be sure, the Trump presidency’s overt disdain for intellect did not arise in an historical vacuum. Rather, it was made possible by an underlying and longstanding cultural loathing of “mind.” Even in our best universities, where I taught international law for almost half a century (Princeton and Purdue), the headlong abandonment of intellect for commerce has been shameless and undisguised.”
Well, the won is at four-month low against the dollar on Thursday because, well, because
“I worry about Qatari bonds more than equity. Every major bond fund has Qatari bonds on their portfolios.”
Ok, so Shinzo Abe’s LDP suffered a stunning loss in Tokyo assembly elections over the weekend,
“Consequences”…
“There is no fear from our direction. We are ready to face the consequences.”
“You win, you always do”…
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