Daily Oil Fundamentals

Markets are Taking a Summer Breather

25 Jul 2024

Markets are Taking a Summer Breather

Investors seem somewhat disconsolate as the suspected over-expectation of the tech stock mega-caps sees a very crowded ownership lightening up, and because of the nature and powerful influence projected by the likes of Tesla and Alphabet/Google and yet to report peers, markets feel an uncomfortable dose of reality. A check back in the world's bourses is not just from an over-cooked fraternity alone.

Daily Oil Fundamentals

Evaporating Demand Optimism

24 Jul 2024

Evaporating Demand Optimism

To quote Vladimir Ilyich Lenin, ‘There are decades where nothing happens; and there are weeks when decades happen’. And boy, what turbulent last few weeks we have witnessed in US politics. It all started with the Presidential debate, a near-suicide for the Democratic party and culminated in the incumbent removing himself from the top of the ticket throwing an ostensible lifeline for the donkeys.

Daily Oil Fundamentals

Corporate Results Keep Attention as Harris Closes in on Nomination

23 Jul 2024

Corporate Results Keep Attention as Harris Closes in on Nomination

With the presidential debate somewhat calmed as Joe Biden tries to clear a path for Kamala Harris (touched on below) with enough alleged support to secure nomination, there does seem to be less anxiety around markets and the shelving of what the 'Trump' trade might actually mean.