Daily Oil Fundamentals
A Change of Heart and a Change of Fortunes
23 Apr 2025A Change of Heart and a Change of Fortunes
Words are mightier than fundamentals in our world at present and displayed by the cross-market reaction to a softening of tone by President Trump toward the FED Chair, Jerome Powell. After the last few days of stinging words and verbal thrusts indicating an ability to fire the Chair, another volte-face in the dance of the White House directives is completed by “I have no intention to fire him.”