-Oil prices forgot all about yesterday. -Barclays ups its oil price forecast, but adds a caveat. The market has lockdown fatigue and its memory is short. Crude oil prices lost substantial ground in the Thursday session as investors worried about the possibility of another round of lockdowns stemming from a resurgent coronavirus. US crude oil … More The Daily Dose; Just Ignore the Bad News.
-Like OPEC, US Fed Chief Powell needs a Goldilocks moment. -OECD finds the global employment situation to be bleak. Chinese oil demand is almost back to what it was in late 2019, before the onset of the coronavirus pandemic. US consumer fuel demand, meanwhile, is recovering from an April slump. That’s the word Wednesday from … More The Daily Dose; Is Reality (Finally) Catching Up With the Market?
-What Martin Heidegger can tell us about the market. -Donald Trump is angry. Very very angry. Crude oil prices were in retreat in early Friday trading as investors fretted over what an angry US president may say in response to mounting Chinese tensions. The president was rattled early this week after the social networking site … More The Daily Dose; Data Analysis is Driven by Mood
The GERM Report 