
Right Said TED

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I have not given up faith in the oil top, OPEC+ be damned! Here is the long-term continuous contract of crude oil futures:
Time for me to vent………..as if you didn’t get enough of that already. I’ll start off with this one simple chart of the /ES today, because I’m really, really, really sick of this crap. An absolute explosion of buying based on absolutely no new information at all, blowing all losses away and ripping stocks into highs (with a VIX at a 16-handle, for God’s sake).
To see what a yield curve normally looks like, you need only go back a couple of years. Try not to weep too hard at how cheap rates were back then.