Monday, April 27, 2020

Hedge Fund CIO: "The Oil Price Is A Rare Indicator Of What Is Still Real In This Market"

...And besides, the Fed and Treasury believe it’s not commodity prices that need support, it’s drillers, frackers, and investors who lent them so much. The refiners need help. The guys who bought their bonds. Airlines that bought back their stock. Car companies too. Boeing. And on, and on. So they bailed out all the really big companies.