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Open original source ↗2/3
The consensus view among fund managers is that the Strait will open in a few weeks and that oil prices will collapse.
https://t.co/ry5Mu7pkLR
3/3
Cramer is all-in on this view.
Note his wording (my CAPS) ... People just FEAR the war will be over, yields will plummet, and we will look RIDICULOUS for being out of this market
https://t.co/z2BQl0UUne
Added later
The last few hours of Brent Crude Oil Trading. https://t.co/yCAGuZvnZ0
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These are the quoted author’s words.
Absolutely no one is ignoring it. People just fear the war will be over, yields will plummet, and we will look ridiculous for being out of this market
jimcramer ↗
170 Global Fund Managers responded to the May BofA Survey * 54% think the Starit opens by the end of June (or 5 weeks). * 76% think crude ends the year below $90. Avg. response was $85. Dec Brent is currently at $92. Too optimistic? Still vulnerable to more delays/problems? https://t.co/80K4HyZVP7
biancoresearch ↗