Today Could Be Day 1 For A European Energy Crisis
OPEC + keeps production steady while, "coincidentally", China chooses today to announce they are going to re-open - widely seen as a major demand driver for oil
Friend of Fringe Finance and well known financial news contributor - as well as 38 year veteran of markets - Kenny Polcari has been kind enough to share his most recent thoughts on the market with our readers.
For those who aren’t familiar with Kenny or don’t recognize him from TV, he is Managing Partner of Kace Capital Advisors and Chief Market Strategist at SlateStone Wealth. He started his career on the floor of the New York Stock Exchange (NYSE) as an institutional broker back in the early eighties when the march of electronic trading was already taking its first steps, and the great bull was first learning to run.
Here’s his take on markets heading into the Thursday, December 5, 2022, trading day:
The post has been lightly edited for punctuation and grammar.
OPEC+ Holds Steady While China Loosens Covid Restrictions