FED keeps saying higher rates longer but no one is listeningThe DOW is like the Roaring 20's everyone is drunk on this bull market ignoring what could be while the FED keeps saying dont get your hopes up for early rate cuts that could stall for months into 2025 and only oil is responding by selling off lower. Its a fact that whenever the markets have a run higher there always comes a sell off and the DOW has been running away since Oct 2023 so this rally is like keeping your foot on the accelerator as your racing towards a bend in the road while your crew chief is screaming in your ear with warnings ahead and your not listening.
Any market correction will hurt oil prices because oil is placing all the bets on the US economy like putting it all on red even as we get reports of higher inventories. The world is watching the US strength so when it falters it'll send shockwaves through the world markets.
Just protect your profits from BTE