$OPEN
$OPEN The Strait of Hormuz hasn’t been cut off yet, but Wall Street capital has already been撤ing overnight.
According to CNBC, Trump has threatened to impose a strait transit fee, and global oil majors are accelerating the move to go around. It’s pretty straightforward: once oil-price volatility feeds through to the U.S. stock market and inflation expectations, tech stocks will have to sway along with it. In this geopolitical stalemate, whoever bets on a rebound is essentially handing ammunition to institutions.
Do you think this round of oil prices will spike and then fall back, or is it really going to turn into a bigger change of the situation?
Not investment advice
#BTC
$OPEN The Strait of Hormuz hasn’t been cut off yet, but Wall Street capital has already been撤ing overnight.
According to CNBC, Trump has threatened to impose a strait transit fee, and global oil majors are accelerating the move to go around. It’s pretty straightforward: once oil-price volatility feeds through to the U.S. stock market and inflation expectations, tech stocks will have to sway along with it. In this geopolitical stalemate, whoever bets on a rebound is essentially handing ammunition to institutions.
Do you think this round of oil prices will spike and then fall back, or is it really going to turn into a bigger change of the situation?
Not investment advice
#BTC