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But we saved everything 🙂.
Oil prices opened flat following the arrest of Maduro over the weekend. Gareth Soloway suggests that despite the market hype predicting a drop below $50, oil is not likely to flood the market for years. Soloway notes that significant infrastructure repairs and developments are still necessary.
Soloway’s tempered view on oil market oversupply stands in contrast to recent investor anxieties, reminiscent of the caution he expressed regarding exit liquidity risk as stocks opened higher. His analysis also recalls past market volatility, such as the decline in Broadcom stock amid heightened investor scrutiny over competition and valuation.