Oil

[wheatking16]

Oil is trying to die.

[blackpowder]

And so are grains.
Is it safe to shut the computer off until May?

[wheatking16]

Lol, we can try to make money on the way down if this continues.

[errolanderson]

Brutal 2024 start to Asian stock markets shaking up the Saudis. China equities straight down to a five (5) year low this week. OPEC finally admitting there is a demand problem.

[wheatking16]

I saw a report that EVs are 19% of worldwide new car sales which might be a reason.

[biglentil]

Market tricked again and now waking up to the fact the Fed is not going to cut rates.

[Sodbuster]

And they shouldn’t be cutting rates yet, as far as I’m concerned I like where rates are now.

[Old Cowzilla]

Yes leave the rates where they are the free money hasn't done most people any good. I think the market was trying to convince people the feds would cut the rates .

[biglentil]

I would have no issue if rates went higher personally. However like David Webb articulates clearly in his video by wrongway now redirected, 15 years of near 0 percent rates has inflated an everything bubble. Normalize rates at 5% and asset prices will implode by 80%. Defaults would sky rocket...

[Sodbuster]

That’s my perspective too, 15 years of low interest rates and people wonder why houses are a million plus and land prices have gone through the roof. My first mortgage was 17% when we saw 10% we were happy with rates. Mortgage rates should never be under 5%.

[sumdumguy]

I was just today shaking the bushes on GIC rates and the GIC rates are down a 3/4 to a full percentage point in anticipation of declining rates. The annual inflation rate must be in the vicinity of 20% not 5%. You are correctamondo that the zero interest rates have done nothing but fuel runaway inflation and consumer debt.

[wheatking16]

We anticipated lower rates and a pullback in the S&P in the short-term and a few of us moved investor class strategy accounts to cash at year-end. We are constantly reassessing and not sure of the duration of this position but that is what see today. Subject to change or course.

[errolanderson]

Shanghai and Hong Kong stock markets absolutely getting crushed in 2024. Apparently CSI 300 index collapse have Chinese investors racing into Japanese ETFs.

Where there is smoke . . . .

[biglentil]

Cpi print higher than expected, kiss rate cuts good bye.
Timely articles on Oilprice.com.

[shtferbrains]

Escalation as US and GB are taking out Houthis missile sites in Yemen.

"On Jan. 11 at 2:30 a.m. (Sanaa time), U.S. Central Command forces, in coordination with the United Kingdom, and support from Australia, Canada, the Netherlands, and Bahrain conducted joint strikes on Houthi targets to degrade their capability....."