A prime example of why it is so important to filter out the daily noise, no matter how loud it is.
From November 13, 2024...
"The Oct. 30 blog on crude oil laid out an increasingly possible scenario where Middle East tensions resulted in an energy price spike, given the low Strategic Petroleum Reserve levels. The latest media headlines about an Iranian-backed assassination plot targeting the president-elect already lays a foundation for retaliation of some sort, possibly carried out by Israel.
It doesn't take much of an imagination to see how food inflation could reignite."
No off-ramp in sight will keep markets volatile until one is found...
Mitch
?
From November 13, 2024...
"The Oct. 30 blog on crude oil laid out an increasingly possible scenario where Middle East tensions resulted in an energy price spike, given the low Strategic Petroleum Reserve levels. The latest media headlines about an Iranian-backed assassination plot targeting the president-elect already lays a foundation for retaliation of some sort, possibly carried out by Israel.
It doesn't take much of an imagination to see how food inflation could reignite."
No off-ramp in sight will keep markets volatile until one is found...
Mitch
?
Comment