yes.. i believe
Do you believe the oil hype?
The geopolitical backdrop in the Middle East is fluid to say the least, and this fluidity has helped the black fluid undertake what is looking like a potential upside breakout as the news/noise levels remain high. But do you believe the hype? In this article we check out a chart that raises potentially more questions than it answers on the oil markets. The chart in question comes from the latest edition of the Weekly Macro Themes report. The chart shows the oil price against S&P500 energy sector relative performance. At first glance it looks like energy stock investors believe in a different story than oil ... (full story)