WALL STREET’S CALLOUS CALCULATION BASED ON BACK CHANNELS BRINGING IN STOCK MARKET BUYERS, BITCOIN BOOST
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Callous Calculation
Please click here for a chart of West Texas Intermediate crude oil futures (CL_F).
Note the following:
- The chart shows that oil is not moving up this morning.
- The chart shows oil is significantly below the high it reached before Hamas attacked Israel.
- The reason the oil is not moving up is that the US has threatened Iran through back channels to not escalate the dispute between Hamas and Israel.
- To back up this threat the US has sent a second aircraft carrier group to the region.
October 16, 2023