>>23606305What's weird about oil right now? The price is low because there is a lot of supply, but there is already a demand response with crack spreads trending up. Oil equities are echoing the positive signals in demand by showing a lot of strength in the charts. Earlier this week WTI fell by 4% but the oil stocks held steady. Very good time to be long o&g desu
>>23606446Embarrassing moment for Burry. I feel for him though. He was just not in sync with the markets like he said himself. It takes a lot of character to liquidate an entire fund like that. It's hard being a bear
>>23606572just selling off in sympathy with the S&P I think. FOMC contemplating a pause in rate cuts. Short term selling moment in gold. I still think there's a strong support around $4k/oz. Gold is bouncing back already. Wouldn't worry too much about this
