-Brent maintains shaky hold on $50 per barrel -U.S. stimulus package gets a resounding “meh.” Crude oil prices suffered another down day in Tuesday trading. Concerns about a new variant of COVID-19 spreading through the United Kingdom has effectively closed the island nation off to the rest of the world. Meanwhile, a massive stimulus package … More The Daily Dose; Pessimism is sinking in
Risk level: Orange RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT -Demand destruction persists -Beware the ghost of Trump The rollout of vaccines meant to inoculate the world against COVID-19 drove global sentiment last week. Both the Pfizer/BioNtech and Moderna vaccines have seen swift … More Vaccines giveth and the virus taketh away
-Goldman is calling this rally ‘vaccine trade’ -Is Brent back in contango? So-called vaccine trade continued to put wind in the sails of crude oil during the Friday session, with U.S. crude becoming the latest to make a run at $50 per barrel. While French President Emmanuel Macron became infected with COVID-19, we saw U.S. … More The Daily Dose; The vaccine rally continues
The GERM Report 