Strategist Expects Crude to See High $40s by Year’s End. Todd Horwitz on Market Day Report.

 

Yesterday was 100% fear trade. Today’s $4 drop is just the start of oil going lower. The Fed: They could cut up to a full (not tomorrow) point or more and still attract new money.

Financial Markets and Political Commentary
 

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About the author

Todd Horwitz - Author of “Average Joe Options“. Todd began his trading career in 1980 at the CBOE. He was one of the original traders in the OEX & helped start the SPX. He is a member the CME where he trades S&P futures as well as foreign currencies & is a regular contributor to CNBC, Bloomberg, BNN, Fox & many other major news networks.