Rising Oil Prices Aren’t Going to Help What Ails US Consumers

Takeaway: Another #ConsumerSlowing catalyst for the U.S.

After holding CEO Keith McCullough’s TREND line of support yesterday, WTI crude is up to $101.91 today. It has no resistance to $105.03.

 

It is another #ConsumerSlowing catalyst for the United States. Never mind CRB Food Stuffs which is up over 21% YTD.  Sure, the 7:1 iSplit from AAPL was cool, but there’s this other thing called Global Macro risk. That’s still going on.

 

On the other hand, if you don’t eat, and you don’t put gas in your car, you’re all set.

Rising Oil Prices Aren’t Going to Help What Ails US Consumers - Crude

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