For how long the Saudis will extend the 1 mb/d voluntary cut?
It depends! Do you believe OPEC or the EIA? See below
#OPEC#SaudiArabia#Oil
DAILY ENERGY REPORT https://t.co/kDnjN5FnmG
Powell: NEW DATA SUGGESTS “THE ULTIMATE LEVEL OF RATES IS LIKELY TO BE HIGHER THAN PREVIOUSLY ANTICIPATED"
“IF THE TOTALITY OF THE DATA WERE TO INDICATE THAT FASTER TIGHTENING IS WARRANTED, WE WOULD BE PREPARED TO INCREASE THE PACE OF RATE HIKES”
Terminal rate now at 5.59%
Top buyers of US crude in December (total exports 3.853mbpd) - in kbpd
Netherlands 523
UK 493
South Korea 371
Taiwan 261
Canada 295
Singapore 242
China 240
India 238
France 217
Italy 148
Spain 146
Norway 132
EIA #oott
Today's Fed meeting feels like a game of poker: the Fed wants markets to believe it'll keep raising rates after today, regardless of what they actually expect to do. But markets know this and are calling the bluff. https://t.co/B2mtKEzHKz
China is one of the recipients of this oil. The other is India, which would dispatch a VLCC to the waters way off Ceuta and receive only 2 Aframax loads of oil (instead of 3) due to draft restrictions in the Suez Canal. We even found one empty Ceuta-bound VLCC off Venezuela.
New traders want to learn everything in under a year.. it is completely unrealistic. Below is a realistic timeline to commit to mastering these concepts:
Years 1-2 : Market Knowledge/Edge
Year 3 : Risk Management
Year 4 : Psychology
A thread 🧵
In the 7 recessionary episodes of the last 50 years, the US stock market bottomed on average:
- 12 months after (!) the first Fed cut
- 13 months after (!) the trough in unemployment rate
After, not before...
So, the people at the top who allocate trillions of dollars can profit from their insider knowledge, but people at the middle and bottom who work for a living in some small obscure part of the government have restrictions on what they can own.
What a difference a few days can make.
This interview with @SBF_FTX on The Block looks a lot different now that we know Sam gave the CEO of The Block $43 million in "loans."
Look at the positioning of the story--Sam hits back at John J. Ray's "lying."
https://t.co/mSpmHVcHKv