Oil gets its groove back, for now
Breakfast with Benjamin The price of oil has bounced off the bottom, but it's still a long way from a supply-demand balance.
- The price of oil has bounced off the bottom, but it’s still a long way from a supply-demand balance. “I think panic took over common sense, and now we’re starting to get a grip on reality.” Meanwhile, there’s that strange new reality of oil trading in lock-step with stocks.
- Equity funds have seen $24 billion flow out the door since the start of the year. So much for buying and holding. Emerging-market stocks have taken a big hit.
- There are strange trades unfolding across the global financial markets. Losing their collective mind.
- How does Donald Trump navigate the complex tax code? By using every trick in the book. “I pay as little as possible.”
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