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I listened to Trump’s Davos speech (speaking of Davos, remember you can get a signed copy of Solid State now, which begins in that very village!) and his emphasis on lowering oil prices had a pretty powerful effect on /CL futures:
The biggest story these days is, of course, the hellscape of southern California, which looks like a post-nuclear warzone. This is what is left of Ryan O’Neal’s house.
Conoco Phillips gave me a good scare this morning, blasting its shares higher. It apparently doesn’t realize what a wreck the economy is going to be worldwide. Did I bail? Let me put it this way: I increased my bearish position by 25%, selling into the strength.
Good morning, everyone! Are you ready for your one-day trading week? I sure am, and we’re off to a nice start.
