Todays the 5th trading day with gainsBTE started the week in the green and thats always great! Looks like oil doesnt care about the FED rate cuts because other factors are pushing oil higher. China is on pace to buy record amount of Russian oil plus China has canceled buying US wheat in favor of buying wheat from Russia so it looks like China and Russia are sleeping in the same bed. If a war ever happened it would be red against US, Britain and Canada. We already know North Korea and Russia have teamed up with China and other global conflicts are behind oil prices. Gasoline is heading higher with oil so dont expect inflation to hit 2% and since the start of 2024 over 50,000 workers have been laid off from over 200 tech companies a continuation of 2023 when more then 260,000 workers across 1200 tech companies lost their jobs. Tech bubble? This will be a year to remember.
Cheers to anyone who bought BTE cheaper.