How can the economy truly be 'improving' or expanding if the life blood necessary for capitalism (black gold/crude oil) - is declining so much in price?
All good questions. The question I have - Can oil hold the lows of the year set back in March or will the decline threaten the 2008 lows of 33? Can the bull market continue if oil breaks that level?
For me - I don't like stocks if oil breaks 33. I would be a seller of stocks. In the very least I'd buy put protection for my portfolio. Don't be caught with your pants down - be aware and watch the price of WTI. Put it into your phone/set an alert. It's that important.
I've attached a video analysis from Brian Kelly of fast money on CNBC fame. His opinion is one I respect and I invite you to watch his thoughts on WTI and help form your own financial decision for the near future if you are holding oil stocks (COP, XOM etc)