Florida's viral load is so great if it was a country the US would consider blocking travel there I know we all like to pretend Covid is over but that's the headline I woke up to, in Florida, this morning. And it's true. People are starting to talk about who died from Covid in a way that didn't happen in the first few waves. This is worse – it feels worse. Even Oil Traders know it's worse as Oil ( /CL ) fell to $65 this weekend, back where we were at the start of the summer. These are demand concerns – these are lockdown concerns – and the market is still ignoring them . Oil began falling long before the market last year as oil trader DO care about what's happening in India and China and Africa. Oil is a truly global commodity that is actually used and produced every day so any changes in demand (or supply) quickly ripple through the price structure. Oil can be like a thread of a spider's web for the Global Economy, signaling us to danger as soon as it gets touched. Warnings only work if you heed them so I would trade very carefully at the moment and make sure you are well-hedged. IN PROGRESS
Florida's viral load is so great if it was a country the US would consider blocking travel there
I know we all like to pretend Covid is over but that's the headline I woke up to, in Florida, this morning.
And it's true. People are starting to talk about who died from Covid in a way that didn't happen in the first few waves. This is worse – it feels worse. Even Oil Traders know it's worse as Oil (/CL) fell to $65 this weekend, back where we were at the start of the summer. These are demand concerns – these are lockdown concerns – and the market is still ignoring them.
Oil began falling long before the market last year as oil trader DO care about what's happening in India and China and Africa. Oil is a truly global commodity that is actually used and produced every day so any changes in demand (or supply) quickly ripple through the price structure. Oil can be like a thread of a spider's web for the Global Economy, signaling us to danger as soon as it gets touched.
Warnings only work if you heed them so I would trade very carefully at the moment and make sure you are well-hedged.
IN PROGRESS
