Was Powell’s speech a bullish gamechanger? No, oil update – another bearish report, the unexpected Winner from Powell’s Speech (Yield Curve), today focus will be on economic data, and the most important report will be the Core PCE Price Index (E: 1.9%). and more.
Why the Monthly OPEC Report Was Bearish Oil An excerpt from today’s Sevens Report—get a free 2-week trial of the report with no commitments. Oil remains the big story, as its early morning sell-off to multi-month lows prompted a pullback in stock futures, and ultimately the major US equity indices opened lower. WTI futures finished[…]