Risk level: Red RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT -Trump will still be in office on Wednesday, no matter what -The overall situation is expected to only get worse Well, here we are. Election Day Eve, 2020. Last week, we had reports … More A Dark Mood, No Matter Who Wins
-Weak earnings reports set the mood for the day. -OPEC may have no choice but to stay where it is on production. The price for Brent crude oil is on pace for a 7.7% contraction for October as demand disintegration reemerges alongside the rise in new cases of the novel coronavirus. European countries, and now … More The Daily Dose; Brent on pace for a 10% contract in October
-Seasonal factors are heightened by the pandemic. -Some OPEC producers are getting impatient. It was another bruising day for crude oil prices, though major indices had recovered somewhat from the early-morning sell off. We’ve said it before and we’ll say it again, demand is a clear issue as the pandemic holds no quarter. Apart from … More The Daily Dose; Demand is Dead. Long Live Demand!