The rally in stocks from short covering is coming to an end as evidenced by the falling Twiggs Money Flow on all the major indices. I wrote about the Trump short covering rally here. I said a week ago that when we see a negative divergence between the Twiggs Money Flow and the major indices, (Read More….)
Matt Smith of ClipperData was on CNBC today, and I started choking in shock over what he said about how oil tankers are building up off Singapore because nobody has enough room to store all the oil.
In the U.S., Matt Smith said, we are seeing an oversupply of gasoline where they are turning gasoline (Read More….)