We start from the political storms that were only a storm in teacup for stocks. We then continue with oil and see some room for rises before previewing the events of the week.
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- Knee-jerk reaction to politics: A potential obstruction of justice by Trump resulted in one down-day in Wall Street. And that’s it. The effect was widespread but short-lived. Looking deeper, we can sometimes distinguish between the effects on stocks and the effects on commodities. We touch on trade, the Fed’s reaction and more.
- Oil on a roll: Talk about an extension of the OPEC / non-OPEC deal meets a surprising slowdown in oil production in the US. Can we expect new highs?
- Preview: The upcoming week features the FOMC meeting minutes, updates on GDP from the US and the UK and also more political mess.
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Trade safely!
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