
Bear Market Rally or Finale?
MRKT Matrix
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Oil Is Down 50% From Its Peak
Oil is down 50% from its peak now that peak was extreme that was the crane invasion we hit 140 a barrel but down 50% is serious stuff. The prevailing price for crude in 2018-19 was essentially where it is now and then we plunged and well so this is what I'm reiterating for clients to step in and buy if you were in any given day buying selling or doing nothing I'm a buyer. If the Fed comes out dovish on Wednesday then yeah now and that makes sense. There's no reason to be a hero one area though we got it.
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