BREAKING: Trump administration offers a release of up to 40 million barrels from the Strategic Petroleum Reserve.
The SPR sits at 283.8 million barrels, the lowest since 1983, leaving about 31 million above the congressional minimum of 252.4 million. The US is offering to release more than it has room for.
The offer comes despite Trump and US officials claiming flows through the Strait of Hormuz have surged to above pre-war levels.
@thesilverhermit "...the Fed will have no choice but to intervene and renew QE..."
Yes, but who says that needs to happen now, and not at 5,5%, 6% or 7%.
@PrognosticApex Everyone bearish dollar, but bearish vs what. DXY is heavily weighted vs worse of currencies. Cleanest dirty shirt. Going higher with energy and yields.
I agree. Holding some pm equities would probably smooth out some volatility for the portfolio, but also possibly detract some of the potential return.
I am also very concentrated on energy and agri, but the volatility has been intense lately. As the portfolio gets bigger i must admit it takes more of a toll mentally.
Btw, Iron ore and lumber is starting to look interesting aswell. What do you think ?