What happened today?
Posted: Fri Apr 12, 2024 3:04 pm
It is called "Market Risk".
When the overall stock market has a bad day and especially a bad week, big money funds have to sell some of their best stocks to cover withdrawals and margin calls.
WTI was up big this morning, over $2.00/bbl, but sold off in the afternoon. Good news is that there appears to be very strong support at $85/bbl for WTI and $90/bbl for Brent.
Hang tough. All of our model portfolio companies are going to report solid results for Q1 and they are off to a great start in Q2.
Demand for oil-based products exceeds demand today and will all summer. Peace is not going to breakout in the Middle East this year.
When the overall stock market has a bad day and especially a bad week, big money funds have to sell some of their best stocks to cover withdrawals and margin calls.
WTI was up big this morning, over $2.00/bbl, but sold off in the afternoon. Good news is that there appears to be very strong support at $85/bbl for WTI and $90/bbl for Brent.
Hang tough. All of our model portfolio companies are going to report solid results for Q1 and they are off to a great start in Q2.
Demand for oil-based products exceeds demand today and will all summer. Peace is not going to breakout in the Middle East this year.
