There’s no telling what this weekend’s OPEC+ meeting will do to oil prices. Sadly, that’s not stopping many investors from making uninformed and uneducated guesses.
“Yesterday, oil was up on that—today it’s down on that,” Daryl Jones explains. “People sort of have no clue.”
“The best way to have a clue is to do the math,” adds Keith McCullough.
In this clip from The Macro Show, McCullough walks through the three-step process he uses to interpret data and fade narratives in investment decisions.
“If you’re telling me global oil trades based on one thing, like an OPEC+ meeting or a cease-fire in the Middle East, you’ve lost your marbles,” McCullough says.