. Looking at charts for possible signs of price exhaustion or biases for any indication on movements can be helpful. Currently, multiple factors have aligned to support a negative lean for oil prices.
As one would expect euphoric periods offer poor returns and periods with horrendous sentiment tend to offer more attractive returns. Let’s see where the crowded trades are now.
After an eight-trading day run gaining 5%, gold has finally taken a breather. As the U.S. dollar dropped from $98 to $96.50, gold volatility jumped above 12% and prices enjoyed a nearly $70 rise to re-test gold’s February 20 price high near $1,350.
After an eight-trading day run gaining 5%, gold has finally taken a breather. As the U.S. dollar dropped from $98 to $96.50, gold volatility jumped above 12% and prices enjoyed a nearly $70 rise to re-test gold’s February 20 price high near $1,350.
Many of the current news headlines tie oil’s recent decline to lower expectations on world growth outlooks. WTI Crude Oil has dropped 23% from its $66.60 on April 23rd to a low today of $50.59.
The recent shift in tariff policies has added a layer of complexity to the economic landscape, potentially influencing market sentiment and investment decisions.
There are several powerful mega-trends happening around the world. One of these trends is happening in the financial services industry and is still a game in the early innings.
Will Mag 7 stock Nvidia beat estimates? David Miller, Co-Founder and Chief Investment Officer of Catalyst Funds, Rational Funds, and Strategy Shares, provided his insights to CNBC on Nov. 19 on why he believes the company will come out ahead this week despite potentially challenging headlines.
Catalyst Funds
Rational Funds
Strategy Shares