Gene comments on stock, bond, dollar, oil & gold markets, with a particular emphasis on monetary policy, technology issues and S&P intraday action.
“However, coronavirus cases continued to rise over weekend with some countries posting record daily increases and extending lockdown measures that could slow oil demand. U.S. oil rigs rose by seven to 387 last week, their highest since April 2020, energy services firm Baker Hughes Co said on Friday. “Bargain hunters came in droves when Brent got below $70 and the economic demand for energy looks robust.
His views have been quoted in Barron’s, the Wall Street Journal, on CNN and now on his own ingerletter.com web site. You will be charged $ + tax (if applicable) for The Wall Street Journal.
Investors have grown more worried about the industry’s prospects, as Beijing moves to tackle the spiraling educational costs that have helped deter many families from having more children.0