The tweet was deleted by the author.
But we saved everything 🙂.
Tracy Shuchart, independent trader and strategist, highlights that 321 crack spreads are indicating a serious issue, despite ongoing talk of a supply glut.
The commentary draws attention to potential concerns in the market signaled by these crack spreads, suggesting that there may be underlying imbalances or challenges despite apparent abundant supply.
Shuchart has previously cautioned that greater leverage in U.S. stock markets can amplify volatility and lead to increased fragility, according to a recent article. She has also highlighted risks of crude oil quality degradation in the U.S. Strategic Petroleum Reserve as storage levels decline, referencing concerns raised by ExxonMobil in 2023. These comments further contextualize her current focus on crack spread signals.