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Since I consider Jerome Powell to be the very personification of evil made flesh, I assumed I would wake up to some kind of fiasco this morning. Incredibly, as I type this before the opening bell, we still have a lovely sea of red, particularly with the market I’ve been obsessed about for weeks: crude oil.
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Black Friday marked one of the steepest one-day declines in crude oil history.
(more…)While I normally get up at precisely 5:30 each morning (no alarm clock; thank you, circadian rhythm!) I had to wake up at 5 this morning for a phone call. Before heading downstairs, I glanced at the futures, and I was delighted to see that in spite of them being all in disgusting lifetime record high territory when I went to bed, they were almost all red. In particular, crude oil – – which has been an obsession for weeks, as you know – – was getting completely smushed.
