Trump and the bulls look to rip a hole in oil prices
Trump and the bulls look to rip a hole in oil prices
By Barbara Kollmeyer
Published: Jan 24, 2017
Is oil getting ready to surprise investors?
The waiting game over just what economic and other plans POTUS has up his sleeve has been slowing this stock market to a painful crawl.
Of course, some will tell you all that uncertainty may eventually be good for stocks. But while we’re waiting for President Donald Trump to get stock investors excited, or really scared, it’s worth keeping an eye on other assets, which have triggered volatility for equities in the past.
That brings us to oil — one asset that should never go ignored by investors too long. Our call of the day comes from Raoul Pal, founder of Global Macro Investor. He says it’s time to buck the big-money trend and short oil, because those who produce the black stuff think the price right now really should be at $30.
Here’s a series of tweets he pushed out Monday:
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