evening wrap
market vibes
February 18…)
“I’m happy every day.” Bruce Willis
Insider trading, whispers and hard news conflicted, confounded and ignored reality today. Brazil joined OPEC waving the Climate Change banner. Shrugging and buying dominated a gold market that flatly declared a sense of suss if not outright distrust for the silence from officialdom. “Is the f’kng gold there or not?” Crickets…
The stock market clung to its lofty lair despite layers of crusty valuations and a paucity of narratives. Crude oil went up because OPEC announced a modest increase in production in Q 2, meaning sometime before July 1.
We’re going to run it all down … all the way down…so lets start with oil:
