Wednesday, June 14, 2017

The Fool And The Entire World That Follows

"The Fed seemed to largely brush off a recent run of mixed economic data"

"U.S. retailers in May reported the biggest decline in sales in 16 months, largely owing to lower gasoline prices and fewer Americans buying new cars and trucks."

Low gasoline prices means more gasoline demand right? Not in a tanking economy...

US Energy Information Administration data showed a second straight build in gasoline stocks amid low demand for the time of year.

The dollar is seen as having a negative correlation with oil, but that relationship has frayed recently, with both assets on a downward trajectory.