RE:RE:Tomorrow could be goodI'm sure Powell is smiling but Biden is still whining , today he called on "oil" companies to lower gas prices , NOW !!!! That might be better directed to Valero or to BP who had fires at 2 different refineries in the past month . Gas and distilates are down because government regulations made it too difficult to upgrade refineries rather than close them down .
I am surprised by this waterfall price action but hopefully we see some relief tomorrow . Its about as hard to make sense of fed actions , inflation went from being "expected" and due to the economy reopening to overnight becaming such an issue they are ready to kill the economy to stop it . Wake me up when sanity returns (if ever) .