Not much happening in the sector or markets outside of the ongoing issues in the Middle East. We will likely get a press conference today that blames Iran for the.
So I was thinking that any response to the attacks on Saudi Arabia would happen sooner rather than later but I am no longer convinced that remains the case. Clearly.
It is looking like a macro week, although this could resolve itself fairly quickly. The attacks on the ARAMCO production facility is likely to have long term effects on oil.
(Sorry for the delay. The site worked but we had an issue with posting new articles. It is now fixed) The resilience of the sector is a little surprising and.
We have some interesting news to start the week and of course it leads to a flat sector with the broader market green. It seems like the sector is underperforming.
The sector is in an odd spot. It seems to be right under a major support but has not quite broken down. I suspect we cannot remain at these levels.
I will keep this short and sweet as there is little news to talk about. On the positive side, the sector seems to be doing better and while I would.
Market starts the week higher but I do not trust it as there is the old saying that markets never bottom on Fridays. To be fair futures were down a.
Broadly speaking the sector and market are doing well. Sentiment has been pretty negative and there were some macro concerns. This seems to be easing a bit, so a rally.
The market seems to be in a good mood to start the week and I would argue it remains macro driven. I think the hope is that central banks and.
While the macro has been major the past couple of days, the sector specific news has been pretty sparse. I was hoping something interesting would happen to write about but.
It has been 24 hours of surprises culminating in my daughters school bus not showing up this morning but that is the least of the surprises. Interestingly, the broader sector.