Even the bulls are throwing in the towel, yet there may be signs that the crude collapse may slowdown just a bit. Still, oil is headed longer-term toward $88, a target we have had for weeks and now is looking more like we are going to be right on target.
The Fed’s new focus on inflation or the lack thereof has changed market dynamics. Is good new now good news again? In other words is good economic news bullish or bearish? Well it may depend on the market you are looking at.